Monday, December 08, 2014

Raise in federal minimum wage reduced employment

Raising the federal minimum wage reduced employment. Detailed analysis with the control group being states that already had higher minimum wages. With all things considered authors found that the 3-strep raise in 2007, 2008 and 2009 reduced employment by .7%. That’s a huge number of people who lost their jobs.

EconBrowswer

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