The effects of minimum wages on employment
- December 21, 2015
- Research by David Neumark, economics Chancellor’s Professor, is featured by the Federal Reserve Bank of San Francisco Dec. 21, 2015
From the Federal Reserve Bank of San Francisco:
David Neumark, Chancellor’s Professor of economics and director of the Center for Economics & Public Policy at the University of California, Irvine, and a visiting scholar at the Federal Reserve Bank of San Francisco, [writes]: In general, the evidence suggests that it is appropriate to weigh the cost of potential job losses from a higher minimum wage against the benefits of wage increases for other workers.
For the full story, please visit http://www.frbsf.org/economic-research/publications/economic-letter/2015/december/effects-of-minimum-wage-on-employment/?utm_source=frbsf-home-economic-letter-title&utm_medium=frbsf&utm_campaign=economic-letter.