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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