Myth and Measurement

Myth and Measurement
Author: David Card
Publisher: Princeton University Press
Total Pages: 455
Release: 2015-12-22
Genre: Business & Economics
ISBN: 1400880874

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.

The Effects of the Minimum Wage on Employment

The Effects of the Minimum Wage on Employment
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.

Maximum Minimum Wage

Maximum Minimum Wage
Author: Bob Fingerman
Publisher:
Total Pages: 0
Release: 2013
Genre: Cartoonists
ISBN: 9781607066743

During its run in the mid-'90s, Minimum Wage racked up critical accolades and a devoted following, numbering among its fans Patton Oswalt, Marc Maron, Dana Gould, Scott Aukerman, Margaret Cho, Janeane Garofalo, David Cross, and more. Why? Because each page boasted sticky, uncomfortable truths drenched in bleakly familiar humor. It was "cringe comedy" before the phrase had been coined, presaging squirmy shows like Louie and Girls. Set in a New York so real you can practically smell it (so claimed Mike Mignola), Minimum Wage is the workaday saga of cartoonist Rob Hoffman and his firebrand girlfriend, Sylvia. He churns out strips for smut rags and off-brand MAD knockoffs and she languishes managing a hair salon. With their colorful crew of friends, they forge ahead against the brutal indifference of their hometown. This definitive edition includes the original 72-page "pilot" episode (Minimum Wage Book One) and the revised "director's cut" of the main storyline. Plus, a bonus color section featuring original cover paintings and guest pin-ups by Mike Mignola, Kevin Nowlan, Dave Johnson, Jill Thompson, Dave Cooper, Glenn Barr, and others. Now featuring an introduction from Walking Dead creator Robert Kirkman!

The Case of the Minimum Wage

The Case of the Minimum Wage
Author: Oren M. Levin-Waldman
Publisher: SUNY Press
Total Pages: 260
Release: 2001-01-25
Genre: Political Science
ISBN: 9780791448564

Places contemporary minimum wage debates in historical context, stressing the importance of political as opposed to economic variables.

Minimum Wage Magic

Minimum Wage Magic
Author: Rachel Aaron
Publisher:
Total Pages: 0
Release: 2023-05
Genre:
ISBN: 9781952367168

Return to the world of Rachel Aaron's mega-popular Heartstrikers with a new, standalone series full of dragons, mages, and the deadly perils of freelance employment!Making a living is hard. Making a living in a lawless city where gods are real, dragons are traffic hazards, and buildings move on their own can feel downright impossible.Good thing freelance mage Opal Yong-ae has never let little things like impossibility stop her. She's found a way to put her overpriced magical art history degree to use as a Cleaner: a contract municipal employee who empties out abandoned apartments and resells the unusual treasures she finds inside for a profit. It's not a pretty job, or a safe one--there's a reason she wears bite-proof gloves--but when you're neck-deep in debt to a very magical, very nasty individual, you can't be picky about where the money comes from.But even Opal's low standards are put to the test when the only thing of value in her latest apartment is the body of the previous tenant. Dealing with the dead isn't technically part of her job, but this mage died hiding a secret that could be worth a lot of money, and Opal's the only one who knows. With debts she can't pay due at the end of the week, this could be the big break she's been waiting for, but in a city of runaway magic where getting in over your head generally means losing it, the cost of chasing this opportunity might be more than Opal can survive.This is the first in a new series set in the same universe as my Heartstrikers books, but you don't need to have read those stories to enjoy this one. MINIMUM WAGE MAGIC was written to stand by itself, so if you haven't read the others, don't worry! I wrote this book with you in mind. Thank you so much for reading!

Minimum Wages, Pay Equity, and Comparative Industrial Relations

Minimum Wages, Pay Equity, and Comparative Industrial Relations
Author: Damian Grimshaw
Publisher: Routledge
Total Pages: 280
Release: 2013
Genre: Business & Economics
ISBN: 0415818818

With growing concern about the conditions facing low wage workers and new challenges to traditional forms of labor market protection, this book offers a timely analysis of the purpose and effectiveness of minimum wages in different European countries. Building on original industry case studies, the analysis goes beyond general debates about the relative merits of labor market regulation to reveal important national differences in the functioning of minimum wage systems and their integration within national models of industrial relations. Investigating the pay bargaining strategies of unions and employers in cleaning, security, retail, and construction, this book's industry case studies show how minimum wage policy interacts with collective bargaining to produce different types of pay equity effects. The analysis provides new findings of 'ripple effects' shaped by trade union strategies and identifies key components of an 'egalitarian pay bargaining approach' in social dialogue. The lessons for policy are to embrace an inter-disciplinary approach to minimum wage analysis, to be mindful of the interconnections with the changing national systems of industrial relations, and to interrogate the pay equity effects.

State Minimum Wages

State Minimum Wages
Author: Congressional Servicw
Publisher: Createspace Independent Publishing Platform
Total Pages: 44
Release: 2018-03-11
Genre:
ISBN: 9781986425322

The Fair Labor Standards Act (FLSA), enacted in 1938, is the federal legislation that establishes the general minimum wage that must be paid to all covered workers. While the FLSA mandates broad minimum wage coverage, states have the option of establishing minimum wage rates that are different from those set in it. Under the provisions of the FLSA, an individual is generally covered by the higher of the state or federal minimum wage. As of 2018, 29 states and the District of Columbia have minimum wage rates above the federal rate of $7.25 per hour, with rates ranging from $0.25 to $6.00 above the federal rate. Two states have minimum wage rates below the federal rate and five states have no state minimum wage requirement. The remaining 14 states have minimum wage rates equal to the federal rate. In any given year, the exact number of states with a minimum wage rate above the federal rate may vary, depending on the interaction between the federal rate and the mechanisms in place to adjust the state minimum wage. Adjusting minimum wage rates is typically done in one of two ways: (1) legislatively scheduled rate increases that may include one or several increments; (2) a measure of inflation to index the value of the minimum wage to the general change in prices. Of the 29 states and the District of Columbia with minimum wage rates above the federal rate, 10 currently have no scheduled increases beyond 2018, while 9 states have legislatively scheduled rate increases after 2018. A total of 11 states and the District of Columbia currently, or will in a future year, index state minimum wage rates to a measure of inflation. Because the federal and state minimum wage rates change at various times and in various increments, the share of the labor force for which the federal rate is the binding wage floor has changed over time. Since 1981, there have been three series of increases in the federal minimum wage rate-1990-1991, 1996-1997, and 2007-2009. During that same period, there have been numerous changes in state minimum wage policies. As a result of those interactions, the share of the U.S. civilian labor force living in states in which the federal minimum wage is the floor has fluctuated but generally declined, and is about 39% as of 2017.

State Minimum Wages

State Minimum Wages
Author: Congressional Research Service
Publisher: CreateSpace
Total Pages: 38
Release: 2015-01-02
Genre: Political Science
ISBN: 9781507543917

The Fair Labor Standards Act (FLSA), enacted in 1938, is the federal legislation that establishes the general minimum wage that must be paid to all covered workers. While the FLSA mandates broad minimum wage coverage, states have the option of establishing minimum wage rates that are different from those set in it. Under the provisions of the FLSA, an individual is generally covered by the higher of the state or federal minimum wage. As of January 1, 2015, 29 states and the District of Columbia will have minimum wage rates above the federal rate of $7.25 per hour, with rates ranging from $0.25 to $2.25 above the federal rate. Two states will have minimum wage rates below the federal rate and five states have no state minimum wage requirement. The remaining 14 states have minimum wage rates equal to the federal rate. In any given year, the exact number of states with a minimum wage rate above the federal rate may vary, depending on the interaction between the federal rate and the mechanisms in place to adjust the state minimum wage. Adjusting minimum wage rates is typically done in one of two ways: (1) 10 states have legislatively scheduled rate increases that may include one or several increments; (2) 11 states use a measure of inflation to index the value of the minimum wage to the general change in prices. In addition to the 11 states currently using an inflation adjustment, four states and DC have chosen a hybrid approach that provides a series of scheduled rate increases, followed by inflation indexation for future minimum wage changes. Thus, a total of 15 states and DC currently, or will in a future year, index state minimum wage rates to a measure of inflation. The remaining 25 states, some of which have minimum wage rates above the federal rate, do not have an adjustment mechanism in place. Because the federal and state minimum wage rates change at various times and in various increments, the share of the labor force for which the federal rate is the binding wage floor has changed over time. Since 1981, there have been three series of increases in the federal minimum wage rate—1990-1991, 1996-1997, and 2007-2009. During that same period, there have been numerous changes in state minimum wage policies. As a result of those interactions, the share of the U.S. civilian labor force for which the federal minimum wage is the floor has fluctuated but generally declined, and is about 39% as of the beginning of 2015.