From The NYT:
“We just passed minimum wage laws in some cities: San Francisco is a high-wage one, Los Angeles is not such a high-wage one,” said David Neumark, an economics professor at the University of California, Irvine, who has done work suggesting that even relatively moderate minimum wage increases can lead to a significant rise in unemployment. “Given that there’s some risk of adverse effects, possibly bad effects, let’s do a little study and see what happens.”
 
 
For the full story, please visit http://www.nytimes.com/2016/03/29/business/economy/15-hour-minimum-wage-in-california-plan-has-some-worried.html?_r=0.

 

© UC Irvine School of Social Sciences - 3151 Social Sciences Plaza, Irvine, CA 92697-5100 - 949.824.2766