Will increasing the minimum wage help the poor?

RePEc Short ID: psc593
ORCID iD: 0000-0003-4625-7138

Neumark, David; Schweitzer, Mark E.; Wascher, William L.

Journal Article

Will increasing the minimum wage help the poor?

Abstract: Minimum wages help some families to escape poverty, but employment losses associated with raising the minimum also appear to cause some families to fall into poverty. The authors' estimates suggest that on balance, the second of these effects outweighs the first; therefore, the net result of raising the minimum wage is an increase in the proportion of poor families.

Keywords: Employment (Economic theory); Minimum wage;