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;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1999
Issue: Feb
Order Number: 1