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
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.
-----
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
- Here come the fast-food robots
- Jon Coupal: ULA tax numbers expose economic ignorance
- Opinion: Black and Hispanic youths pay the biggest price for minimum wage hikes
- Fast food chains, workers are bracing for California's minimum wage increase: What to know
- Opinion: California's crazy 'fast food' minimum wage takes effect
connect with us