David Neumark, UCI Distinguished Professor of economics writes, “A recent Congressional Budget Office report estimated that 1.4 million jobs would be lost if a new $15 federal minimum wage is signed into law. … The consensus of economic research on the effects of minimum wages points clearly to job loss, and policy makers should consider this job loss in weighing the potential costs and benefits of a sharp increase in the minimum wage.” 

For the full story, please visit https://www.wsj.com/articles/raising-the-minimum-wage-will-definitely-cost-jobs-11616108030


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