Be skeptical of studies that say minimum wage hikes are painless
Be skeptical of studies that say minimum wage hikes are painless
- January 26, 2021
- David Neumark, economics, Competitive Enterprise Institute, Jan. 26, 2021
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Do economists downplay the negative findings in their research on the minimum wage? That’s the implication of a new working paper on the issue for the National Bureau of Economic Research titled “Myth or Measurement?” Studies of raising the minimum wage often give the impression that “the evidence may be roughly 50-50 as to whether research finds negative employment effects,” note the paper’s authors, University of California, Irvine Economics Professor David Neumark and Peter Shirley, director of the West Virginia legislature’s Joint Committee on Government and Finance. Their own examination of the studies’ underlying data, however, found that that supposed ambiguity just isn’t there.
For the full story, please visit https://cei.org/blog/be-skeptical-of-studies-that-say-minimum-wage-hikes-are-painless/.
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