Inflation has already eroded tomorrow’s minimum wage rise – NZ’s low-income workers will need more support
- March 30, 2022
- David Neumark, economics, The Conversation, March 30, 2022
David Card and Alan Krueger, who published several controversial empirical works in the 1990s finding increasing the minimum wage doesn’t necessarily lead to fewer jobs. Not everyone agrees with Card and Krueger, however. David Neumark, [UCI Distinguished Professor of economics] and William Wascher evaluated the evidence and argued minimum wages do reduce employment opportunities for less skilled workers, “especially those who are most directly affected by minimum wage”.