Large pay gains outpace state minimum-wage boosts for many workers
Large pay gains outpace state minimum-wage boosts for many workers
- December 30, 2022
- David Neumark, economics, The Wall Street Journal, MSN, Dec. 30, 2022
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More than half the states in the U.S. are set to lift their minimum wages in the coming year, but the effects could be muted because many low-income workers already earn more than mandated due to strong labor demand. … “I don’t want to say the minimum wage has become irrelevant, but it has certainly become less relevant,” said David Neumark, a [Distinguished] Professor at University of California, Irvine.
For the full story, please visit https://www.wsj.com/articles/large-pay-gains-outpace-state-minimum-wage-boosts-for-many-workers-11672358864?page=1.
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