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.
Related News Items
- 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
- Careet RightYamaha HQ leaving California for Georgia