Monday, December 16, 2013

Raising the Minimum Wage: Old Shibboleths, New Evidence - NYTimes.com

Raising the Minimum Wage: Old Shibboleths, New Evidence - NYTimes.com:

 "For a good overview, look to a paper by Arindrajit Dube of the University of Massachusetts, Amherst; T. William Lester of the University of North Carolina, Chapel Hill; and Michael Reich of the University of California, Berkeley. Using two decades of data and side-by-side comparisons of bordering counties in the United States, they find that higher minimum wages raise the earnings of low-wage workers and have negligible effects on employment levels. According to their estimates, an increase of 10 percent in the minimum wage would have a statistically negligible effect on employment in industries and occupations employing minimum-wage workers."

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