Research and commentary: New Mexico considers minimum wage hike, despite evidence it would harm small businesses
- 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.
For the full story, please visit https://www.heartland.org/publications-resources/publications/research--commentary-new-mexico-considers-minimum-wage-hike-despite-evidence-it-would-harm-small-businesses.
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