Raising floor for minimum wage pushes economy into the unknown
- July 26, 2015
- Research by David Neumark, economics Chancellor’s Professor, is featured by The New York Times and MSN July 26, 2015
From the NYT:
Others, like David Neumark, an economist at the University of California, Irvine who has long emphasized the costs of minimum wage increases, argue that it would be far more efficient to help lift people out of poverty using wage subsidies like the earned-income tax credit than to rely on the minimum wage, which frequently helps workers in families whose incomes are already above the poverty level.
For the full story, please visit http://www.nytimes.com/2015/07/27/business/economy/scale-of-minimum-wage-rise-has-experts-guessing-at-effect.html?_r=0.
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