Research & commentary: Wisconsin senate proposes ill-timed minimum wage hike to accompany assembly version
- November 18, 2021
- David Neumark, economics, The Heartland Institute, Nov. 18, 2021
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. … [Grace] Lordan and [UCI Economics Distinguished Professor David] Neumark
find that raising the minimum wage increases the likelihood that low-skilled workers
become unemployed or employed in lesser paying jobs, based on data collected from
1980 to 2015.
For the full story, please visit https://www.heartland.org/publications-resources/publications/research--commentary-wisconsin-senate-proposes-ill-timed-minimum-wage-hike-to-accompany-assembly-version.