David Card's Side Of The Minimum Wage Brouhaha
Paul Craig Roberts writes, in "A minimum-wage study with minimum credibility" (Economic Viewpoint, Apr. 24): "Michigan State University Professor David Neumark and Federal Reserve economist William Wascher acquired the actual payroll data from fast-food establishments in New Jersey and Pennsylvania. The payroll data show that fast-food employment did not increase in New Jersey after the minimum wage increase. [Instead, it declined 4.8% relative to the control group in neighboring Pennsylvania.]"
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