David Neumark The Effects Of Minimum Wage On Employment

Decent Essays
In the article “The Effects of Minimum Wage on Employment”, David Neumark displays the two consequences of increasing the federal minimum wage limit. He explains that teens and young adults will be the most affected if the minimum wage limit rises. He also clarifies that job losses will be inevitable and there would be a large amount of unemployed people in the United States. The results from this decision affects not only the workers, but the consumers as well. The increase of the federal minimum wage limit would also increase the prices of goods and services. The author used many statistics to demonstrate some of the consequences of the rise of minimum wages. He analyzed the effects of increasing the minimum wage in past years and learned

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