A post-labor day, minimum-wage hangover
- September 7, 2015
- Research by David Neumark, economics Chancellor’s Professor, is featured by The Wall Street Journal, Sept. 7, 2015
From the WSJ:
In 2014 the Congressional Budget Office found that increasing the minimum wage to $10.10 an hour would result in employment falling by 500,000 jobs nationally. By the way, less than 20 percent of the earning benefits would flow to people living below the poverty line, as University of California, Irvine economist David Neumark has pointed out.
For the full story, please visit http://www.wsj.com/articles/a-post-labor-day-minimum-wage-hangover-1441667048?cb=logged0.011400337484786749&cb=logged0.9209980866035011.