New research debunks claim that a $15 minimum wage would not reduce employment
New research debunks claim that a $15 minimum wage would not reduce employment
- January 25, 2021
- David Neumark, economics, FEE, Jan. 25, 2021
A new paper published by the National Bureau of Economic Research surveys the body of economic research on minimum wage increases and rebuts the notion that empirical data show no impact of increases in minimum wage hikes. “[The] body of evidence and its conclusions point strongly toward negative effects of minimum wages on employment of less-skilled workers, especially for the types of studies that would be expected to reveal these negative employment effects most clearly,” economists David Neumark [Distinguished Professor of Economics at the University of California, Irvine] and Peter Shirley write.
For the full story, please visit https://fee.org/articles/new-research-debunks-claim-that-a-15-minimum-wage-would-not-reduce-employment/.
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