Biden’s claim that with a $15 minimum wage, ‘the whole economy rises’
- February 9, 2021
- David Neumark, economics, The Washington Post and SF Gate, Feb. 9, 2021
More recently, in January, [UCI Distinguished Professor of economics, David] Neumark, with a colleague, issued a working paper …. The study concluded that nearly 80 percent of the papers linked job losses with a higher minimum wage. “This evidence of negative employment effects is stronger for teens and young adults, and more so for the less-educated,” the study said. … “None of this evidence says the minimum wage ‘lifts the economy,’ and there is simply no research basis for that conclusion,” Neumark told The Fact Checker in an email.
For the full story, please visit https://www.washingtonpost.com/politics/2021/02/09/bidens-claim-that-with-15-minimum-wage-whole-economy-rises/.
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