Research & commentary: Wisconsin senate proposes ill-timed minimum wage hike to accompany assembly version
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.
Share on:
Related News Items
- Tourism workers seek $25 minimum wage before Olympics, World Cup in Los Angeles
- Downside of higher pay? Fewer hours, fewer jobs, Twin Cities wage study says
- Downside of higher pay? Fewer hours, fewer jobs, Twin Cities minimum wage study says
- Pro take: What is that job ad really saying? Fed paper looks at ageism in tight labor market
- $18 minimum wage in California? What to know about next year's ballot measure