The Politics of the Minimum Wage

The Politics of the Minimum Wage
Author: Jerold L. Waltman
Publisher: University of Illinois Press
Total Pages: 228
Release: 2000
Genre: Business & Economics
ISBN: 9780252025457

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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.

Exploring the Politics of the Minimum Wage

Exploring the Politics of the Minimum Wage
Author: Oren M. Levin-Waldman
Publisher:
Total Pages: 0
Release: 1998
Genre:
ISBN:

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As much as the minimum wage is an economic issue, it is above all a political one. First, there are the politics surrounding the choice of models. Second, there are the political interests of those who engage in the debate. The choice of methodological models can lead to different ideological positions which ultimately get played out in the political arena. This paper specifically examines the debate between two models--the "demand constrained" v. the "supply constrained"--and the ideological implications that flow from each. After which, it addresses itself to the question of why it is that one particular model has become the political focus of the debate at the expense of others. Because good data on the minimum wage has been so lacking, the issue has been ripe for political manipulation. This is most evident in those states with "right-to-work" laws. An examination of voting patterns by members of Congress shows that while Democratic members generally vote for minimum wage increases, they consistently vote against them when they are from "right-to-work" states. Conversely, while Republican members generally vote against increases in the wage, they tend to vote for them when they come from states with high union densities. What this suggests, then, is that given the fact that empirical data on the effects of the minimum wage have been ambiguous at best, it is more likely that the minimum wage will increase when there is strong political support for it. Or at the very least, it is more likely to increase when strong political arguments can be made on its behalf.

Leave it to the States

Leave it to the States
Author: Cassidy Vangeri
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN:

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The variation in minimum wages at the state level and the factors that influence this variation have been studied by researchers for decades, yet there is little research on current period of stagnancy in the federal minimum wage. The last federal minimum wage increase occurred in 2009 and states have taken it upon themselves to raise their wages in accordance with their state's needs. This paper explores the political and economic factors that influence states to raise their minimum wages and determines what causes the variation in wages across states and over time. The economic factors include state inflation rates, cost of living, and unions as an economic factor. The political factors include unions as a political factor, party control, public opinion, and ballot access. I conduct three multiple regression analyses to compare the influence of political and economic factors across all 50 states between the years of 2009 to 2021. I discover that economic and political factors both impact state minimum wages, yet some factors are not significant depending on the time period in which they are studied, and some factors become more significant over time. State level economic and political factors become less important as state parties increasingly become more nationalized and promote party platforms. Economic factors prove to be mediated through political institutions; therefore, the combined effect of economic and political factors influences the variation in state minimum wages.

Essays in Political Economy and Labor Economics

Essays in Political Economy and Labor Economics
Author: Smith Tammy Lynn Williams
Publisher:
Total Pages: 155
Release: 2010
Genre:
ISBN: 9781124202891

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The present dissertation is comprised of three chapters, two of which use distinct empirical strategies to examine the determinants of the minimum wage. The first chapter asks whether political pressure by unions can help explain state minimum wage levels. I employ the variation resulting from an increasing number of states choosing to adopt state minimum wages that exceed the federal level since 1985. Once the model controls for aggregate changes in unionization and minimum wages, and isolates the within state variation around these aggregate changes, unions are not shown to have an effect on the level of a state's minimum wage. The second chapter uses votes from a 1996 California ballot initiative proposing an increase in the state minimum wage to explore whether minimum wage workers support the policy. The affected workers are estimated to have a significant positive impact on the vote, indicating that a majority expects to benefit from the wage increase. The third chapter asks whether differences in preferences for competition can help explain the gender gap in pay and distribution of high profile jobs. I use a laboratory experiment to examine whether males and females differ in their competitive choices when they have information about their relative abilities. I compare these choices to those of participants who have not been given relative performance information. I find that in the "No Information" treatment, males choose to compete more often than do females of the same ability. In contrast, when participants are provided with information about relative abilities, there are no gender differences in competitive choices. The difference in choices across the informational treatments is consistent with males and females underestimating the relative abilities of females. Rather than finding that women shy away from competition, this study presents evidence that incorrect beliefs about the ability distribution cause the appearance of gender differences in preferences for competition in the laboratory. Thus, this study does not find evidence to support the hypothesis that the gender gap in the distribution of high profile jobs is related to differences in competitive preferences.

The Political Economy of the 'Minimum-Wage Institution' in an Internationally Integrated Market

The Political Economy of the 'Minimum-Wage Institution' in an Internationally Integrated Market
Author: Emmanuel Petrakis
Publisher:
Total Pages: 0
Release: 2004
Genre:
ISBN:

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The paper explores the political economy of the 'minimum-wage institution (MWI)' in an internationally integrated product market. The authors consider a two-sector Economic Union (EU) with a perfectly competitive agricultural sector and a unionized oligopolistic manufacturing sector in which there exist productivity asymmetries across firms. It is shown that efficient firms have an incentive to strategically opt for intercountry minimum-wage agreements high enough to raise their inefficient rivals' costs and thus gain business in equilibrium. The unions of workers in all countries also find these agreements in their best interest. As a consequence, the MWI may emerge as the equilibrium institutional resolution of alternative political processes (i.e., an EU-wide referendum or special-interest politics), despite its negative effect on aggregate employment.

Minimum Wages

Minimum Wages
Author: David Neumark
Publisher: MIT Press
Total Pages: 389
Release: 2008
Genre: Income distribution
ISBN: 0262141027

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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.

What Does the Minimum Wage Do?

What Does the Minimum Wage Do?
Author: Dale Belman
Publisher: W.E. Upjohn Institute
Total Pages: 489
Release: 2014-07-07
Genre: Political Science
ISBN: 0880994568

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Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more.

Labor Unions and Public Policy

Labor Unions and Public Policy
Author: Edward H. Chamberlin
Publisher:
Total Pages: 188
Release: 2013-09
Genre:
ISBN: 9781258809041

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Additional Author Include Roscoe Pound. Foreword By W. Glenn Campbell.

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: 9780791448557

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