Minimum wage hikes a poor way of lifting people out of poverty
Minimum wage hikes a poor way of lifting people out of poverty
- July 13, 2018
- David Neumark, economics, Orange County Register, July 13, 2018
A new study from economists at the University of California, Irvine and the National Bureau of Economic Research find that over the past 30 years, increases in the minimum wage have not reduced poverty rates in disadvantaged neighborhoods. In fact, the researchers find some evidence that, with every one-dollar increase in the minimum wage, poverty rates have subsequently increased in these neighborhoods by 3 percent.
For the full story, please visit https://www.ocregister.com/2018/07/13/minimum-wage-hikes-a-poor-way-of-lifting-people-out-of-poverty/.
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