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Economics 653 Economics of the Labor Market Assignment #9 The impact of the minimum wage and immigration on low-skill employment: A Paradox? In the Myth
Economics 653 Economics of the Labor Market Assignment #9 The impact of the minimum wage and immigration on low-skill employment: A Paradox? In the "Myth or Measurement" study on the employment effects of the minimum wage, David Neumark and Peter Shirley conclude that increases in the minimum wage result in less employment for workers, especially less-skilled and less-educated workers. However, they cite and discuss several studies that find that higher minimum wages have little to no effect on the employment of workers, even less-skilled and less-educated ones. For this assignment, let us assume that Neumark and Shirley are incorrect, and that the studies showing little to no employment effects from a higher minimum wage are accurate
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