The unappetizing effect of minimum-wage hikes
- March 24, 2015
- Research by David Neumark, economics Chancellor’s Professor, is featured in The Wall Street Journal Mar. 24, 2015
From the WSJ:
The consequences of minimum-wage increases, at the historical levels studied in the U.S., are well known to labor economists. A summary of the research published last year by the Institute for the Study of Labor, and authored by University of California-Irvine economist David Neumark, found that each 10 percent hike in the minimum wage on the state and federal level has caused a 1 percent to 2 percent drop in youth employment.
For the full story, please visit http://www.wsj.com/articles/michael-saltsman-the-unappetizing-effect-of-minimum-wage-hikes-1427240817.