How The Minimum Wage Destroys Jobs
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Author | : Bruce R. Bartlett |
Publisher | : |
Total Pages | : 22 |
Release | : 1987 |
Genre | : Minimum wage |
ISBN | : |
There is no evidence that boosting the minimum wage would benefit the incomes of low-paid workers. There is substantial evidence that it would destroy jobs and thus reduce employment for many workers, especially minority youth. On this, professional economists are virtually unanimous.
Author | : Marvin H. Kosters |
Publisher | : American Enterprise Institute |
Total Pages | : 142 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : 9780844770642 |
The Clinton administration has claimed its proposal to increase the minimum wage would not affect employment; other research supports that a higher minimum wage means fewer jobs.
Author | : David Card |
Publisher | : Princeton University Press |
Total Pages | : 454 |
Release | : 2015-12-22 |
Genre | : Business & Economics |
ISBN | : 0691169128 |
From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wage David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.
Author | : |
Publisher | : |
Total Pages | : 16 |
Release | : 1919 |
Genre | : Minimum wage |
ISBN | : |
Author | : Matt Uhler |
Publisher | : Greenhaven Publishing LLC |
Total Pages | : 202 |
Release | : 2017-07-15 |
Genre | : Juvenile Nonfiction |
ISBN | : 1534500839 |
With the disappearance of well-paying jobs and the increasing cost of living, it’s becoming more and more difficult to stay afloat in the United States. Workers who earn the minimum wage often can’t afford the most basic needs. In response, more than 100 U.S. cities have issued living wage ordinances, requiring payments that allow workers to afford food, clothing, shelter, utilities, and healthcare. It may seem obvious that everyone wins with a living wage. But does paying out a living wage help or harm the economy? Should corporations be forced to pay them? What is society’s responsibility to its workers?
Author | : David Neumark |
Publisher | : MIT Press |
Total Pages | : 389 |
Release | : 2008 |
Genre | : Income distribution |
ISBN | : 0262141027 |
A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.
Author | : Peter Schmidt |
Publisher | : GRIN Verlag |
Total Pages | : 37 |
Release | : 2009-02-10 |
Genre | : Political Science |
ISBN | : 3640263618 |
Master's Thesis from the year 2008 in the subject Business economics - Economic Policy, grade: 1,0 (A), University of Wisconsin-Milwaukee (Department of Economics), course: Labor Economics II, language: English, abstract: One of the most important issues that was in the center of the political debate in Germany in the last few months is the introduction of minimum wages. It was caused by the politically forced imposition of a minimum wage in the sector for postal services which, in the view of many experts, provides a competitive advantage for the major postal service company “Deutsche Post World Net”1 compared to its competitors. Then it happened that the “PIN – Group AG” one of the most important domestic competitors of the “Deutsche Post World Net” was threatened by insolvency as its largest shareholder the publisher “Axel Springer AG” was no longer willing to invest money in the “PIN - Group AG”. Additionally, many newspapers published by Axel Springer AG wrote articles against the imposition of a minimum wage for many weeks and published many interviews with economic experts warning about the negative effects of a minimum wage on the overall German labor market. Furthermore, political considerations, e.g. by the secretary of labor, to introduce a federal minimum wage in Germany even caused the chairmen of the eight leading economic research institutes in Germany to publish a letter in the newspaper “Das Handelsblatt”2 where they advise politicians against the introduction of a federal minimum wage if (large) employment losses should be avoided. On the other hand, a few other researchers, experts and politicians like the “IAB”3 as a specific labor market research institute believe that minimum wages even could create jobs and must not necessarily destroy them. This paper is motivated by this ongoing debate between economists and policymakers in the whole world. That is why in the first part of the paper the major theoretical framework which is used by economists to analyze and empirically assess the impacts of minimum wages on employment should be presented.
Author | : Jim Cox |
Publisher | : |
Total Pages | : 40 |
Release | : 2004 |
Genre | : Economics |
ISBN | : |
Author | : |
Publisher | : UM Libraries |
Total Pages | : 370 |
Release | : 1980 |
Genre | : Economics |
ISBN | : |
Author | : United States. Congress. Joint Economic Committee |
Publisher | : |
Total Pages | : 68 |
Release | : 1996 |
Genre | : Minimum wage |
ISBN | : |