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/.
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