LA’s Garcetti says $15 minimum wage will lift 600,000 out of poverty
LA’s Garcetti says $15 minimum wage will lift 600,000 out of poverty
- July 15, 2015
- David Neumark, economics Chancellor’s Professor, is quoted by MarketWatch, MSN and Morningstar July 15, 2015
From MarketWatch:
“It’s misreading a large body of evidence,” said David Neumark, director of the Center
for Economics and Public Policy at the University of California,, Irvine …. “It’s
actually way more likely that there will be disemployment effects.” …“It’s a strange
redistribution scheme,” Neumark said. He says higher labor costs inevitably lead to
higher prices for consumers.
For the full story, please visit http://www.marketwatch.com/story/las-garcetti-says-15-minimum-wage-will-lift-600000-out-of-poverty-2015-07-15.
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