New study shows minimum wage puts a damper on long-run earnings
New study shows minimum wage puts a damper on long-run earnings
- March 21, 2018
- David Neumark, economics, in The Daily Signal, March 21, 2018
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To help determine what caused the steep drop in teen employment over the past two decades, the authors—[UCI economics Professor] David Neumark and Cortnie Shupe—examined the impact of minimum wage laws, higher returns to schooling, and increased immigration. Minimum wage laws and increased immigration reduce employment opportunities by limiting the number of available jobs and increasing the amount of competition for those jobs.
For the full story, please visit https://www.dailysignal.com/2018/03/21/new-study-shows-minimum-wage-puts-damper-long-run-earnings/.
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