Tag: David Neumark

Neumark on the Minimum Wage

Oct 4, 2006

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by

mwkruse

in Capitalism and Markets, Poverty, Public Policy, Wealth and Income, Weatlh and Income Distribution

From Greg Mankiw's blog: Neumark on the Minimum Wage. Dr. Mankiw quotes economics professor David Neumark: The central goal of raising the minimum wage is to raise incomes of low-income families and reduce poverty. There are three reasons why raising the minimum may not help to achieve this goal. First, a higher minimum wage may…