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The Dayton Regional STEM School Local Economics Podcast ProjectThe Dayton Regional STEM School Local Economics Podcast Project Author: DRSS Students Language: en-us Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Ryan Looks at the Effects of Raising the Minimum Wage on Businesses and Consumer Prices
Monday, 16 May, 2016
In this podcast, Ryan explains how a minimum wage of $8.10 will effect a slower growth of CPI than a minimum wage of $10.00 because businesses don’t have to pass that extra cost on to their customers, and it allows businesses to use that money that would otherwise be paid to employees to expand their company and employ more people. Resources: Meer, J., & West, J. (2016). Effects of the Minimum Wage on Employment Dynamics. Journal Of Human Resources, 51(2), 500-522. http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=3&isuri=1&903=76 http://www.bls.gov/oes/CURRENT/oes_OH.htm#00-0000 Articles: http://www.daytondailynews.com/news/business/economy/brown-wants-to-raise-minimum-wage-to-15-but-doubts/npKmL/ Meer, J., & West, J. (2016). Effects of the Minimum Wage on Employment Dynamics. Journal Of Human Resources, 51(2), 500-522.
