Research and commentary: Given Hawaii’s economic turmoil, now is the worst time for minimum wage increase
- February 17, 2021
- David Neumark, economics, The Heartland Institute, Feb. 17, 2021 (Commentary)
Minimum wage hikes are never a viable economic solution. A 2007 study from economists at the University of California-Irvine and the Federal Reserve Board comprehensively examined the body of work on the subject and found 85 percent of the studies they considered credible demonstrate minimum wage hikes cause job losses for less-skilled employees.
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