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prima:The increase in the minimum wage and its impact on employment

The $10.50 increase will not solve the problem of low wages, but it will help somewhat, writes José Toral

July 8, 2024 - 10:52 AM

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This content was published more than 3 months ago.
New minimum wage increase does not compensate for high inflation, says José Toral (Terry Chea)

David Card, Nobel Prize winner in 2021 awarded for his research on the employment outcomes when the minimum wage is increased, is a Canadian economist and professor at the University of Berkley in California. We will comment on his research on the recently much-touted topic in Puerto Rico. Card challenged the “orthodoxy” and dramatically changed the explanations of inequality and the social and economic forces that impact low-wage workers.

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