The distorted minimum wage debate
The distorted minimum wage debate
- January 25, 2021
- David Neumark, economics, Cato Institute, Jan. 25, 2021
Which view better reflects our understanding? In a new working paper, economists David Neumark [Distinguished Professor of Economics at the University of California, Irvine] and Peter Shirley assemble the entire set of published papers that examine the impact of minimum wage hikes on employment outcomes at the state and local level in the U.S. since 1992. … Neumark and Shirley summarize their findings by saying: “our evidence indicates that concluding that the body of research evidence fails to find disemployment effects of minimum wages requires discarding or ignoring most of the evidence.”
For the full story, please visit https://www.cato.org/blog/distorted-minimum-wage-debate.
Share on:
Related News Items
- National Academies report identifies ways to reduce intergenerational poverty in US
- Subsidies won't stop stagnation
- In a hot job market, the minimum wage becomes an afterthought
- Bernie Sanders introduces a bill to raise minimum wage to $17 by 2028
- Researcher takes a look at the pro's and con's of raising the minimum wage