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.
Related News Items
- 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
- Careet RightEconomists have found an answer to slowing cognitive decline: avoid retiring early, study finds
- Careet RightReopening the minimum wage debate