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Author : Leo Wolman
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (847 download)
Download or read book Economic Justification of the Legal Minimum Wage written by Leo Wolman and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leo Wolman
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.3/5 (91 download)
Download or read book Economic Justification of the Legal Minimum Wage written by Leo Wolman and published by . This book was released on 1924 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jerold L. Waltman
Publisher : University of Illinois Press
ISBN 13 : 9780252025457
Total Pages : 228 pages
Book Rating : 4.0/5 (254 download)
Download or read book The Politics of the Minimum Wage written by Jerold L. Waltman and published by University of Illinois Press. This book was released on 2000 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The minimum wage as a value of civic republicanism The minimum wage appears to be a standard economic regulatory measure, yet a politics of symbolism more than anything else defines the political contests that periodically erupt over it. Detractors abhor its corruption of market principles, while supporters see it as a measure of society's symbolic commitment to the poor. Tracing the history of the minimum wage and exposing its inherent contradictions as a political issue, Jerold Waltman proposes an alternative to the economic arguments that now dominate debates over it. Citing overwhelming public support for the minimum wage as evidence of an enduring civic consciousness and humanitarianism, Waltman advocates recasting the discussion in terms of a political economy of citizenship. Such a perspective would focus on the communal value of work, the need for citizens to have a stake in the community, and the effects of economic inequality on the bonds of common citizenship. Positioning the minimum wage as a fulcrum for the most basic conflict underlying America's unique combination of democracy and a market economy, The Politics of the Minimum Wage shows how a defense of the minimum wage built on a communal sense of responsibility rests on a strong tradition of civic republicanism and strengthens the hope for a truly democratic society.
Author : Robert Pollin
Publisher : Cornell University Press
ISBN 13 : 1501729527
Total Pages : 310 pages
Book Rating : 4.5/5 (17 download)
Download or read book A Measure of Fairness written by Robert Pollin and published by Cornell University Press. This book was released on 2018-07-05 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: In early 2007, there were approximately 140 living wage ordinances in place throughout the United States. Communities around the country frequently debate new proposals of this sort. Additionally, as a result of ballot initiatives, twenty-nine states and the District of Columbia, representing nearly 70 percent of the total U.S. population, maintain minimum wage standards above those set by the federal minimum wage.In A Measure of Fairness, Robert Pollin, Mark Brenner, Jeannette Wicks-Lim, and Stephanie Luce assess how well living wage and minimum wage regulations in the United States serve the workers they are intended to help. Opponents of such measures assert that when faced with mandated increases in labor costs, businesses will either lay off workers, hire fewer low-wage employees in the future, replace low-credentialed workers with those having better qualifications or, finally, even relocate to avoid facing the increased costs being imposed on them.The authors give an overview of living wage and minimum wage implementation in Louisiana, New Mexico, Arizona, California, Massachusetts, and Connecticut to show how these policies play out in the paychecks of workers, in the halls of legislature, and in business ledgers. Based on a decade of research, this volume concludes that living wage laws and minimum wage increases have been effective policy interventions capable of bringing significant, if modest, benefits to the people they were intended to help.
Author : David Neumark
Publisher : MIT Press
ISBN 13 : 0262141027
Total Pages : 389 pages
Book Rating : 4.2/5 (621 download)
Download or read book Minimum Wages written by David Neumark and published by MIT Press. This book was released on 2008 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Alan Manning
Publisher : Princeton University Press
ISBN 13 : 1400850673
Total Pages : 416 pages
Book Rating : 4.4/5 (8 download)
Download or read book Monopsony in Motion written by Alan Manning and published by Princeton University Press. This book was released on 2013-12-03 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.
Author : David Card
Publisher : Princeton University Press
ISBN 13 : 1400880874
Total Pages : 455 pages
Book Rating : 4.4/5 (8 download)
Download or read book Myth and Measurement written by David Card and published by Princeton University Press. This book was released on 2015-12-22 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Oren M. Levin-Waldman
Publisher : Springer
ISBN 13 : 3319744488
Total Pages : 245 pages
Book Rating : 4.3/5 (197 download)
Download or read book Restoring the Middle Class through Wage Policy written by Oren M. Levin-Waldman and published by Springer. This book was released on 2018-03-09 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book delivers a fresh and fascinating perspective on the issue of the minimum wage. While most discussions of the minimum wage place it at the center of a debate between those who oppose such a policy and argue it leads to greater unemployment, and those who favor it and argue it improves the economic well-being of low-income workers, Levin-Waldman makes the case for the minimum wage as a way to improve the well-being of middle-income workers, strengthen the US economy, reduce income inequality, and enhance democracy. Making a timely and original contribution to the defining issues of our time—the state of the middle class, the problem of inequality, and the crisis of democratic governance—Restoring the Middle Class through Wage Policy will be of interest to students and researchers considering the impact of such approaches across the fields of public policy, economics, and political science.
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.:/5 (661 download)
Download or read book Minimum Wage written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-21 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Minimum Wage A minimum wage is the lowest remuneration that employers can legally pay their employees the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions. Minimum wage policies can vary significantly between countries or even within a country, with different regions, sectors, or age groups having their own minimum wage rates. These variations are often influenced by factors such as the cost of living, regional economic conditions, and industry-specific factors. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Minimum wage Chapter 2: Labour economics Chapter 3: Unemployment Chapter 4: Full employment Chapter 5: Phillips curve Chapter 6: Employment Chapter 7: Living wage Chapter 8: Efficiency wage Chapter 9: Frisch elasticity of labor supply Chapter 10: Minimum wage in the United States Chapter 11: Employment protection legislation Chapter 12: Involuntary unemployment Chapter 13: Monopsony Chapter 14: NAIRU Chapter 15: Employment Policies Institute Chapter 16: Alan Manning Chapter 17: Fight for $15 Chapter 18: Minimum Wage Fairness Act Chapter 19: Francis Kramarz Chapter 20: Seattle's minimum wage ordinance Chapter 21: Wage growth (II) Answering the public top questions about minimum wage. (III) Real world examples for the usage of minimum wage in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Minimum Wage.
Author : United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.F/5 ( download)
Download or read book The Pitfalls of a Minimum Wage Increase written by United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs and published by . This book was released on 1997 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Oren M. Levin-Waldman
Publisher : Bloomsbury Publishing USA
ISBN 13 : 1440833958
Total Pages : 371 pages
Book Rating : 4.4/5 (48 download)
Download or read book The Minimum Wage written by Oren M. Levin-Waldman and published by Bloomsbury Publishing USA. This book was released on 2015-12-01 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unbiased look at the minimum wage debate in America traces the history of minimum wage policy at both the federal and state levels, discusses the controversies swirling around the issue, and examines the veracity of claims made by people on both sides of the debate. Minimum wage inspires debate among many Americans—from advocates who consider it beneficial to the poor and middle class to those who feel it leads to greater unemployment. This comprehensive overview examines the history, policies, and key players in the minimum wage arena and discusses the various controversies that have surrounded it. Author Oren M. Levin-Waldman presents a balanced approach to the topic, shedding light on legitimate evidence from both sides of the argument and debunking claims based on ideology, partisanship, and distortions of data. The book presents an historical overview from the early 20th century through the present day, exploring the various legal issues, benefits, and potential problems of low-wage labor markets. Contributions from key economists along with profiles of seminal figures and organizations present a variety of different perspectives and show the expanse of political, economic, and academic involvement in marshaling effective solutions. The content features informative data, resources for further action, a helpful chronology, and a thorough glossary.
Author : François Eyraud
Publisher : International Labour Organization
ISBN 13 : 9789221170143
Total Pages : 154 pages
Book Rating : 4.1/5 (71 download)
Download or read book The Fundamentals of Minimum Wage Fixing written by François Eyraud and published by International Labour Organization. This book was released on 2005 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This manual draws on the ILO's comprehensive database containing the principal legal provisions and minimum wage fixing mechanisms in 100 countries. The minimum wage has had a long and turbulent history, and this study sheds light on its intricacies by providing a thorough overview of the institutions and practices in different countries. It outlines the main topics for debate concerning the effects of minimum wages on major social and economic variables such as employment, wage inequality, and poverty. The book considers the various procedures countries use for implementation, including the criteria employed to fix the minimum wage, and how they are linked to specific country objectives. It then measures the efficiency of the minimum wage, and focuses on its impact on employment as a major political issue. For the benefit of non-specialists, the validity of econometric models and their results are examined.
Author : David Neumark
Publisher :
ISBN 13 : 9780262515085
Total Pages : 0 pages
Book Rating : 4.5/5 (15 download)
Download or read book Minimum Wages written by David Neumark and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Minimum wages exist in more than one hundred countries, both industrialized and developing. The United States passed a federal minimum wage law in 1938 and has increased the minimum wage and its coverage at irregular intervals ever since; in addition, as of the beginning of 2008, thirty-two states and the District of Columbia had established a minimum wage higher than the federal level, and numerous other local jurisdictions had in place "living wage" laws. Over the years, the minimum wage has been popular with the public, controversial in the political arena, and the subject of vigorous debate among economists over its costs and benefits. In this book, David Neumark and William Wascher offer a comprehensive overview of the evidence on the economic effects of minimum wages. Synthesizing nearly two decades of their own research and reviewing other research that touches on the same questions, Neumark and Wascher discuss the effects of minimum wages on employment and hours, the acquisition of skills, the wage and income distributions, longer-term labor market outcomes, prices, and the aggregate economy. Arguing that the usual focus on employment effects is too limiting, they present a broader, empirically based inquiry that will better inform policymakers about the costs and benefits of the minimum wage. Based on their comprehensive reading of the evidence, Neumark and Wascher argue that minimum wages do not achieve the main goals set forth by their supporters. They reduce employment opportunities for less-skilled workers and tend to reduce their earnings; they are not an effective means of reducing poverty; and they appear to have adverse longer-term effects on wages and earnings, in part by reducing the acquisition of human capital. The authors argue that policymakers should instead look for other tools to raise the wages of low-skill workers and to provide poor families with an acceptable standard of living.
Author : National Consumers' League
Publisher :
ISBN 13 :
Total Pages : 332 pages
Book Rating : 4.F/5 ( download)
Download or read book The Supreme Court and Minimum Wage Legislation written by National Consumers' League and published by . This book was released on 1925 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Margaret Jane Hobson
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.3/5 (9 download)
Download or read book Minimum Wage Laws written by Margaret Jane Hobson and published by . This book was released on 1983 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is the thesis of this booklet, one of a series intended to apply economic principles to major social and political issues of the day, that minimum wage laws actually hurt those whom such laws are designed to help. From this point of departure, separate subsections examine economic implications of minimum wage laws, including discussion of what determines wages and working conditions, individual hiring decisions, those who are affected by minimum wage laws, results of minimum wage laws, and those who support these laws. Following a discussion of who benefits and who loses, it is argued that when someone without job experience wants a job but is "not worth the going wage rate," the best way to induce firms to hire him or her is to offer to work for a lower wage until enough experience and training has been gained to enable the individual to ask for and receive higher wages in the future. The consequence therefore, of preventing untrained workers from accepting less than the minimum wage, is to prevent them from gaining experience. It is concluded that when wage rates for low skilled labor rise because of a law, firms choose to hire fewer low skilled workers, thus hurting those whom minimum wage laws were designed to protect. (LH)
Author : Jerold L. Waltman
Publisher : Algora Publishing
ISBN 13 : 0875866018
Total Pages : 248 pages
Book Rating : 4.8/5 (758 download)
Download or read book Minimum Wage Policy in Great Britain and the United States written by Jerold L. Waltman and published by Algora Publishing. This book was released on 2008 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzing wage policies and the political ideas that underlie them, including the irony of an Iraq funding bill leading to a minimum wage increase, this book compares not only Federal but State minimum wage policies and those of Britain as well. Going beyond the debate on public expenditure programs, the author examines the future of the "welfare state"? not from a perspective of entitlement but of citizenship in a public polity.
Author : Marvin H. Kosters
Publisher : American Enterprise Institute
ISBN 13 : 9780844770642
Total Pages : 142 pages
Book Rating : 4.7/5 (76 download)
Download or read book The Effects of the Minimum Wage on Employment written by Marvin H. Kosters and published by American Enterprise Institute. This book was released on 1996 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
