Biden continues to push $15 federal minimum wage
Biden continues to push $15 federal minimum wage
- February 17, 2021
- David Neumark, economics, CNN, WRAL, MSN, Feb. 17, 2021
One recent study by the National Bureau of Economic Research concluded that 80% of
economic research over the last 30 years had found job losses associated with a higher
minimum wage. The evidence of a negative impact is stronger for teens and young adults,
as well as the less-educated. A wage increase this large would have a greater effect
than the modest increases looked at by those past studies, said David Neumark, an
economics professor at the University of California Irvine who's one of the recent
report's authors. In some low-wage states, more than half of workers now make less
than $15 an hour.
For the full story, please visit https://us.cnn.com/2021/02/17/politics/15-dollar-minimum-wage-biden/index.html.
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