https://www.facebook.com/nobelprize/photos/a.164901829102/10158533527269103
Contrary to previous research, they found that an increase in the minimum wage had no effect on the number of employees. David Card arrived at the same conclusion in a couple of studies in the early 1990s.
This pioneering research has led to a large number of follow-up studies. The overall conclusion is that the negative effects of increasing the minimum wage are small, and significantly smaller than was believed 30 years ago.
https://www.nobelprize.org/prizes/economic-sciences/2021/press-release/
Using natural experiments, David Card has analysed the labour market effects of minimum wages, immigration and education. His studies from the early 1990s challenged conventional wisdom, leading to new analyses and additional insights. The results showed, among other things, that increasing the minimum wage does not necessarily lead to fewer jobs.
รางวัลโนเบลสาขาเศรษฐศาสตร์ปีนี้ -การเพิ่มขึ้นของค่าแรงขั้นต่ำไม่มีผลหรือมีผลน้อยมากต่อการจ้างงาน-
Contrary to previous research, they found that an increase in the minimum wage had no effect on the number of employees. David Card arrived at the same conclusion in a couple of studies in the early 1990s.
This pioneering research has led to a large number of follow-up studies. The overall conclusion is that the negative effects of increasing the minimum wage are small, and significantly smaller than was believed 30 years ago.
https://www.nobelprize.org/prizes/economic-sciences/2021/press-release/
Using natural experiments, David Card has analysed the labour market effects of minimum wages, immigration and education. His studies from the early 1990s challenged conventional wisdom, leading to new analyses and additional insights. The results showed, among other things, that increasing the minimum wage does not necessarily lead to fewer jobs.