January 2013 • David Neumark, Ian Salas
The fierce political debate over raising the minimum wage, which is repeated yearly in legislatures across the country, has at times been matched by a strong academic debate on the subject. Specifically, economists have argued over whether a higher minimum wage reduces the employment of less-skilled jobseekers.
The published research on the subject points overwhelmingly in one direction: A summary of the last two decades of [...]