Protip: If they're working to get you fired, they're not your friends
- February 15, 2019
- Research by David Neumark, economics, in Forbes, Feb. 15, 2019
First, according to the very simple version of the labor market economists teach in
introductory economics courses, a minimum wage raises quantity supplied and reduces
quantity demanded. The minimum wage, therefore, reduces employment. It's a robust
thesis with ample empirical support from (for example) University of California-Irvine
economist David Neumark and Texas A&M University economist Jonathan Meer, both of
whom are affiliated with the National Bureau of Economic Research.
For the full story, please visit https://www.forbes.com/sites/artcarden/2019/02/15/protip-if-theyre-working-to-get-you-fired-theyre-not-your-friends/#49d2fa222b40.