California's $15/hr wage could help workers, cost jobs
California's $15/hr wage could help workers, cost jobs
- March 29, 2016
- David Neumark, economics Chancellor’s Professor, is quoted in the Associated Press, The New York Times, CNBC, U.S. News & World Report, CBS, ABC News, and The Boston Globe March 29, 2016
-----
From the AP:
One leading economist on minimum wage issues said an increase from $10 to $15 would
reduce employment among the least-skilled workers by at least 5 to 10 percent. But
the impact on employment might be even bigger because employers would have to absorb
significantly higher costs. "I would go so far as to call this reckless," said David
Neumark, an economics professor at the University of California, Irvine.
For the full story, please visit http://hosted.ap.org/dynamic/stories/U/US_MINIMUM_WAGE_CALIFORNIA?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-03-29-09-44-15.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightWhat to know about Oklahoma's proposed minimum wage increase
- Careet RightEconomists have found an answer to slowing cognitive decline: avoid retiring early, study finds
- Careet RightReopening the minimum wage debate
- Careet RightYamaha HQ leaving California for Georgia
- Careet RightCalifornia's strict regulations may frustrate business starts