Search
 

Higher minimum wage would hurt job creation

Although a higher minimum wage isn't expected to impact employee turnover or layoffs, it is projected to hurt job creation, according to a new study by Texas A&M University.

By Amanda McGrory-Dixon | Updated on March 04, 2013

Although a higher minimum wage isn’t expected to impact employee turnover or layoffs, it is projected to hurt job creation, according to a new study by Texas A&M University.

“We very carefully controlled for a number of factors that could conflate increases in the minimum wage and changes in employment and found that job creation was reduced substantially, but job destruction did not increase,” says Jonathan Meer, assistant professor of economics at Texas A&M. “Net job growth falls in response to an increase in the minimum wage, but employee turnover is unaffected.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.