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
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.