Experience Stern | News & Events

Excerpt from Bloomberg View -- "A second study, by John Horton of New York University’s Stern School of Business, is also being cited by both sides of the debate. Horton did an experiment with an online labor market, assigning different employers different minimum wages. The companies that were forced to pay higher wages hired about the same number of workers, but for fewer hours. However, the workers they hired tended to be more productive ones, so overall they got about the same amount of work done."

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