Minimum Wage and Employment
27th October 2014
A new working paper from the National Bureau of Economic Research, “More Recent Evidence on the Effects of Minimum Wages in the United States,” concludes, “We see the evidence as still pointing to disemployment effects for low-skilled workers from raising the minimum wage.” Further, “we conclude that the best evidence still points to job loss from minimum wages for low-skilled workers — in particular for teens.”
Perhaps somebody ought to send a copy of this paper to Hillary Clinton. She seems to be a common-sense-denier.