Commentary: The high cost of trying to use the minimum wage as welfare
Commentary: The high cost of trying to use the minimum wage as welfare
- February 18, 2021
- David Neumark, economics, Maine Wire, Feb. 18, 2021
For a January 2021 study, economists David Neumark and Peter Shirley assembled “the entire set of published studies in this literature” and conclude that “there is a clear preponderance of negative estimates,“ and that the evidence is particularly strong for teens, young adults, and the less-educated – exactly the results economic theory would predict.
For the full story, please visit https://www.themainewire.com/2021/02/high-cost-minimum-wage-welfare/.
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