California today: What is the real cost of the wage increase?
California today: What is the real cost of the wage increase?
- January 12, 2017
- David Neumark, economics, in The New York Times, Jan. 12, 2017
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David Neumark, an economics professor at UC Irvine, said job losses were likely to mount, but in subtler ways than Mr. Salem’s case. A restaurant, for example, would make do with 10 employees instead of 11. “If 100 restaurants do that, that’s 100 employees. And if 10,000 restaurants do that, that’s 10,000 employees,” … Neumark said.
For the full story, please visit https://www.nytimes.com/2017/01/12/us/california-today-minimum-wage-increase.html?src=twr&_r=1.
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