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In 2013, a diverse group of 37 economics professors was surveyed on their view of the minimum wage's impact on employment. 34% of respondents agreed with the statement, "Raising the federal minimum wage to $9 per hour would make it noticeably harder for low-skilled workers to find employment."
Plans to increase the minimum wage will be a ‘significant drag on the economy’, according to The Growth Commission. Truss-backed economists say minimum wage is ‘destroying jobs’ and call ...
Dube has published dozens of works in labor economics, health economics, public finance, and political economy.He is one of the leading scholars of minimum wage effects on employment [7] and inequality, [8] and has also studied the role of fairness concerns in wage-setting, the nature and extent of competition in labor markets, and the role of firm wage policies in explaining inequality growth ...
AB 1228 went into effect in the Golden State April 1, setting a $20 per hour minimum wage for those working at fast food restaurants with less than 60 locations nationwide and restaurants located ...
The minimum wage for adults will increase by 9.8% to £11.44 per hour. National living wage rise could mean stickier inflation, economists warn Skip to main content
In the time since the Card–Krueger study was released, many economists have tried to look at the effects of minimum wage increases on employment prospects. A 2006 review by Neumark and Wascher of over 100 studies on the minimum wage concluded that the general consensus view agreed that wage increases hurt employment opportunities for youths. [20]
In 2014, over 600 economists signed a letter in support of increasing the minimum wage to $10.10 with research suggesting that a minimum wage increase could have a small stimulative effect on the economy as low-wage workers spend their additional earnings, raising demand and job growth.
California implemented its $20 minimum wage law for fast-food workers on Monday, bumping pay up to 25% from the state’s $16 minimum. Impacting over 500,000 workers in the state, the mandate was ...