NFIB: Raising federal minimum wage would eliminate more than a million jobs
- February 15, 2019
- David Neumark, economics, via Watchdog.org and multiple outlets nationwide, Feb. 15, 2019
In 2005, economists David Neumark of the University of California-Irvine [and others]
examined the effects of the minimum wage on the incomes of the families living near
the poverty line. In a series of papers, they reported that a higher minimum wage
did not move these families out of poverty. Ten years later, their findings had not
changed. Writing for the Federal Reserve Bank of San Francisco in 2015, Neumark explained
…. “Other policies that directly address low family income, such as the earned income
tax credit, are more effective at reducing poverty.”
For the full story, please visit https://www.watchdog.org/national/nfib-raising-federal-minimum-wage-would-eliminate-more-than-a/article_6d062b3a-2fd0-11e9-9afe-9301ad8755a4.html.
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