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.
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