17
FEB 2021
Raising the federal minimum wage has long been a topic surrounding politics and economists for years. Since the last federally mandated minimum wage increase in 2009, efforts to continue increases have built. Professor David Neumark is featured in CNN Politics discussing the cause and effect of these efforts.
Neumark, an economics professor at the University of California Irvine, discusses the potential impact of unemployment should a federally mandated minimum wage increase be implemented. Professor Neumark notes that in some low-wage states, more than half of workers make less than the proposed $15 per hour wage. As future minimum wage increases occur, the minimum wage will affect a greater share of workers.
You can find Professor Neumark’s CNN Politics feature here.