Fed's Bullard: raising minimum wage will mean fewer people hired
STARKVILLE, MS. (Reuters) - St. Louis Federal Reserve President James Bullard said on Thursday that raising the U.S. minimum wage, as President Barack Obama urged earlier this week, would likely mean fewer people being hired.
"As an economist, I'm all for 'let's let the markets determine the wages'," he said in response to an audience question after delivering a speech here. "I think a lot of the analysis says that raising the minimum wage says there will be less people hired."
(Reporting By Alister Bull)
- Target holiday cyber breach hits 40 million payment cards
- Housing, jobs data weaken, but overall economic picture still upbeat
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Zuckerberg to sell Facebook shares worth about $2.3 billion
- Special Report: Why Ukraine spurned the EU and embraced Russia