Hiking minimum wage an inefficient tool to fight poverty: Fed research
Hiking minimum wage an inefficient tool to fight poverty: Fed research
- December 30, 2015
- Research by David Neumark, economics Chancellor’s Professor, is featured by NBC News and CNBC Dec. 30, 2015
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From NBC News:
David Neumark, visiting scholar at the San Francisco Fed, contends in the paper that
raising the minimum wage has only limited benefits in the war against poverty, due
in part because relatively few of those falling below the poverty line actually receive
the wage. … Neumark is a professor of economics and director of the Center for Economics
and Public Policy at the University of California, Irvine.
For the full story, please visit http://www.nbcnews.com/business/economy/hiking-minimum-wage-inefficient-tool-fight-poverty-fed-research-n488111.
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