The negative effects of raising minimum wage in America
The negative effects of raising minimum wage in America
- November 27, 2015
- Research by David Neumark, economics Chancellor’s Professor, is featured by Money Q&A Nov. 27, 2015
From Money Q&A:
Increasing the minimum wage has not proven to be effective at lowering the overall
poverty rate in America. According to economists at the Federal Reserve Board and
the University of California, Irvine, research shows that a higher minimum wage reduces
employment for those with the least amount of skills and has little to no effect on
poverty rates. There is little to no relationship between higher minimum wage and
reductions in overall poverty levels in America.
For the full story, please visit http://moneyqanda.com/effects-of-raising-minimum-wage/.
Share on:
Related News Items
- Experts answer: Are headquarters really fleeing California?
- High-profile companies moving out of California
- Exempting tips from taxes could hurt employees, critics say
- Commentary: Chicago's tipped wage hikes are failing workers. Don't bring them statewide.
- Why women earn less: The link between misogyny and the gender wage gap
connect with us: