In the news: Nesslein offers take for story on minimum wage protests

Associate Prof. Tom Nesslein, Urban and Regional Studies (Economics) spoke Thursday (Dec. 5) about nationwide protests on the minimum wage, offering an economist’s perspective for interviews with NBC 26 and WBAY, Channel 2. Were the minimum wage to increase as protesters have demanded, employers would have few options on how to react, Nesslein said. “They can adjust basically two ways — they could cut jobs or they could cut hours,” Nesslein said, adding that customers might also feel the pinch. “They may try to adjust by raising, pushing prices forward — raise the price of goods,” Nesslein said. You can check out the stories, here:
NBC 26
WBAY, Channel 2