Minimum wages are going up. Low-paid workers probably won’t notice.
Minimum wages are going up. Low-paid workers probably won’t notice.
- December 31, 2023
- David Neumark, economics, The Wall Street Journal, Dec. 31, 2023
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Nationally, the 10% lowest-earning workers saw a 4.8% raise in the third quarter from a year earlier, according to the Labor Department. … “Really tight labor markets are better for people at the bottom. When times are really good, they catch up,” said David Neumark, an economics professor at the University of California, Irvine. “Wages got far ahead of minimums in many places.”
For the full story, please visit https://www.wsj.com/economy/jobs/minimum-wage-increase-low-paid-workers-impact-2cb64cc6.
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