In a hot job market, the minimum wage becomes an afterthought
In a hot job market, the minimum wage becomes an afterthought
- August 23, 2023
- David Neumark, economics, The New York Times, The Seattle Times, Aug. 23, 2023
David Neumark, a [Distinguished] professor at the University of California, Irvine, said states with high minimum wages could be at a disadvantage in a recession, because employers would have to keep pay high as demand softened, potentially leading to layoffs.
For the full story, please visit https://www.nytimes.com/2023/08/23/business/economy/minimum-wage.html.
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Share on:
Related News Items
- National Academies report identifies ways to reduce intergenerational poverty in US
- Subsidies won't stop stagnation
- Bernie Sanders introduces a bill to raise minimum wage to $17 by 2028
- Researcher takes a look at the pro's and con's of raising the minimum wage
- Disney faces dramatic escalation in $150M+ gender discrimination & pay equity suit