Minimum wage increases will lead to lost jobs (Op-ed)

Minimum wage increases will lead to lost jobs (Op-ed)
- February 8, 2013
- An op-ed by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in the San Diego Union-Tribune February 8, 2013
From the San Diego-Union Tribune:
Sixteen states – including California – are considering legislation this year to
raise their minimum wage. Most economists agree that raising the minimum wage will
in most cases reduce employment opportunities for less-skilled workers. But minimum-wage
advocates in California have argued the opposite, pointing at two studies by a team
of economists affiliated with UC Berkeley which boldly assert that there are “no detectable
employment losses from the kind of minimum wage increases we have seen in the United
States.” It’s a provocative claim, if true. In a new report, however, Ian Salas (UC
Irvine), William Wascher (Federal Reserve Board) and I subject these revisionist studies
(and the assumptions they rely on) to rigorous empirical testing. Our results suggest
that California policymakers shouldn’t be so quick to set aside a tested economic
consensus.
For the full story, please visit http://www.utsandiego.com/news/2013/feb/08/tp-minimum-wage-increases-wil....
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