Column: Why a $15 minimum wage should scare us
Column: Why a $15 minimum wage should scare us
- September 9, 2016
- Research by UCI economist David Neumark, courtesy of PBS Newshour, Sept. 9, 2016
An extensive survey of decades of minimum-wage research, published by William Wascher of the Federal Reserve Board and David Neumark of the University of California, Irvine, in the 2008 book Minimum Wages, generally found a 1 percent or 2 percent reduction for teenage or very low-skill employment for each 10 percent minimum-wage increase.
For the full story, please visit http://www.pbs.org/newshour/making-sense/column-15-minimum-wage-scare-us/.
Share on:
Related News Items
- Fast-food workers are getting a raise in California. 2 big downsides.
- Opinion: Another Voice: Eliminating New York's tip credit is a terrible idea
- Trump era tax cuts are expiring: What that could mean for the job market
- 22 states hiked the minimum wage. Now what?
- Minimum wages are going up. Low-paid workers probably won't notice.
connect with us