Researcher takes a look at the pro's and con's of raising the minimum wage
Researcher takes a look at the pro's and con's of raising the minimum wage
- July 15, 2023
- David Neumark, economics, KCBS Radio, July 15, 2023 (Audio)
-----
Research and debate about the minimum wage is typically centered on economic outcomes and the impact on poverty. Studies reveal the obvious pros of higher minimum wages but what about the cons? For more, we’re joined by David Neumark [Distinguished] Professor of economics at the University of California, Irvine and expert on effects of minimum wages on employment, wages, earnings and incomes. “More income doesn’t always make you healthier. Obviously, it should enable you to buy more health care, you should have more doctors’ visits. But it also can increase spending on things that aren’t as good for you: smoking, drinking, less healthy foods. So, a priori, there’s actually not a reason to be sure there should be benefits or costs and the evidence kind of bears out that mixed prediction,” says Neumark.
For the full story, please visit https://www.audacy.com/podcast/kcbs-radio-on-demand-011f4/episodes/researcher-takes-a-look-at-the-pros-and-cons-of-raising-the-minimum-wage-3158e.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightGovernment regulations, AI and employment
- Careet RightEconomists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
- Careet RightThe 'living wage' attack on jobs and prosperity
- Careet RightWhat to know about Oklahoma's proposed minimum wage increase
- Careet RightMark your calendars for CPIP's 2026-27 seminar and workshop series