Corpus ID: 43070854

employment effects of minimum wages When minimum wages are introduced or raised , are there fewer jobs ?

@inproceedings{Neumark2016employmentEO,
  title={employment effects of minimum wages When minimum wages are introduced or raised , are there fewer jobs ?},
  author={D. Neumark},
  year={2016}
}
The potential benefits of higher minimum wages come from the higher wages for affected workers, some of whom are in poor or low-income families. The potential downside is that a higher minimum wage may discourage employers from using the low-wage, low-skill workers that minimum wages are intended to help. If minimum wages reduce employment of low-skill workers, then minimum wages are not a “free lunch” with which to help poor and low-income families, but instead pose a tradeoff of benefits for… Expand

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TLDR
There is a wide range of existing estimates and, accordingly, a lack of consensus about the overall effects on low-wage employment of an increase in the minimum wage, but the oft-stated assertion that recent research fails to support the traditional view that the minimum Wage reduces the employment of low- Wage workers is clearly incorrect. Expand
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The employment effect of the minimum wage is one of the most studied topics in all of economics. This report examines the most recent wave of this research – roughly since 2000 – to determine theExpand
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In this paper, we survey theoretical models of the effect of the minimum wage and, in somewhat greater detail, evidence of its effect on employment and unemployment. Our discussion of the theoryExpand
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