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
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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