Jared Bernstein agrees with David Neumark on the minimum wage (Opinion)
- December 16, 2015
- Research by David Neumark, economics Chancellor’s Professor, is featured by Forbes Dec. 16, 2015
David Neumark [UCI] has an excellent little piece in The Wall Street Journal on the unemployment effects of the minimum wage. … Neumark makes an entirely valid point though: Some proponents defend a higher wage on other grounds, such as fairness, or compensating for the low bargaining power of low-skill workers. But let’s not pretend that a higher minimum wage doesn’t come with costs, and let’s not ignore that some of the low-skill workers the policy is intended to help will bear some of these costs.
For the full story, please visit http://www.forbes.com/sites/timworstall/2015/12/16/jared-bernstein-agrees-with-david-neumark-on-the-minimum-wage/.
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