Liberal Arts researchers study minimum wage vs. job creation
Will a rise in minimum wage mean fewer jobs to go around? Jonathan Meer, an assistant professor of economics at Texas A&M University, and Jeremy West, an economics graduate student, believe that to be the case.
In their study, titled “Effects of the Minimum Wage on Employment Dynamics,” the two economists project that raising the minimum wage will reduce job creation, leaving more people unemployed.
In his State of the Union address, President Obama proposed raising the minimum wage. This study contends that net job growth falls in relation to such a rise in pay.
Texas A&M University researchers say raising the minimum wage will reduce job creation, but will not affect employee turnover or layoffs.
In President Barack Obama's State of the Union address, he proposed raising the minimum wage from $7.25 an hour to $9, along with an annual boost for inflation, sparking a national debate.