In fight over minimum wage hikes, small businesses get trampled
In fight over minimum wage hikes, small businesses get trampled
- October 21, 2014
- Research by David Neumark, economics Chancellor’ Professor, is featured by Heartland Oct. 21, 2014
From Heartland:
In 1995, University of California, Irvine economics professor David Neumark and Federal
Reserve governor William Wascher analyzed payroll records of fast-food restaurants
in New Jersey counties …. Neumark and Wascher found confirmation of the common wisdom
that increasing the cost of entry-level labor results in increased unemployment, and
forces entry-level workers …. to seek employment in other geographic areas with fewer
market distortions.
For the full story, please visit http://news.heartland.org/newspaper-article/2014/10/21/fight-over-minimum-wage-hikes-small-businesses-get-trampled.
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