Neumark

Neumark refers to a theoretical framework in economic and social sciences, often used to analyze labor markets and employment dynamics. It explores how changes in policies, like minimum wage laws, can impact employment rates and worker well-being. The term is commonly associated with the Neumark-Wascher model, which examines the trade-offs between wage increases and job availability. Essentially, it helps researchers understand the balance between ensuring fair pay and maintaining job opportunities, contributing to discussions on how best to support workers while fostering a healthy economy.