Tuesday, July 12, 2022

Myth or measurement: What does the new minimum wage research say about minimum wages and job loss in the United States?

"Our key conclusions are as follows: (i) there is a clear preponderance of negative estimates in the literature; (ii) this evidence is stronger for teens and young adults and the less educated; (iii) the evidence from studies of directly affected workers points even more strongly to negative employment effects; and (iv) the evidence from studies of low-wage industries is less one-sided."

David Neumark,Peter Shirley, Industrial Relations, April 2022

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