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.

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.

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

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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.

Myth and Measurement

Myth and Measurement
Author: David Card
Publisher: Princeton University Press
Total Pages: 454
Release: 2015-12-22
Genre: Business & Economics
ISBN: 0691169128

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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.

Low-Wage Work in the Wealthy World

Low-Wage Work in the Wealthy World
Author: Jerome Gautie
Publisher: Russell Sage Foundation
Total Pages: 506
Release: 2010-03-01
Genre: Business & Economics
ISBN: 1610446305

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As global flows of goods, capital, information, and people accelerate competitive pressure on businesses throughout the industrialized world, firms have responded by reorganizing work in a variety of efforts to improve efficiency and cut costs. In the United States, where minimum wages are low, unions are weak, and immigrants are numerous, this has often lead to declining wages, increased job insecurity, and deteriorating working conditions for workers with little bargaining power in the lower tiers of the labor market. Low-Wage Work in the Wealthy World builds on an earlier Russell Sage Foundation study (Low-Wage America) to compare the plight of low-wage workers in the United States to five European countries—Denmark, France, Germany, the Netherlands, and the United Kingdom—where wage supports, worker protections, and social benefits have generally been stronger. By examining low-wage jobs in systematic case studies across five industries, this groundbreaking international study goes well beyond standard statistics to reveal national differences in the quality of low-wage work and the well being of low-wage workers. The United States has a high percentage of low-wage workers—nearly three times more than Denmark and twice more than France. Since the early 1990s, however, the United Kingdom, the Netherlands, and Germany have all seen substantial increases in low-wage jobs. While these jobs often entail much the same drudgery in Europe and the United States, quality of life for low-wage workers varies substantially across countries. The authors focus their analysis on the "inclusiveness" of each country's industrial relations system, including national collective bargaining agreements and minimum-wage laws, and the generosity of social benefits such as health insurance, pensions, family leave, and paid vacation time—which together sustain a significantly higher quality of life for low-wage workers in some countries. Investigating conditions in retail sales, hospitals, food processing, hotels, and call centers, the book's industry case studies shed new light on how national institutions influence the way employers organize work and shape the quality of low-wage jobs. A telling example: in the United States and several European nations, wages and working conditions of front-line workers in meat processing plants are deteriorating as large retailers put severe pressure on prices, and firms respond by employing low-wage immigrant labor. But in Denmark, where unions are strong, and, to a lesser extent, in France, where the statutory minimum wage is high, the low-wage path is blocked, and firms have opted instead to invest more heavily in automation to raise productivity, improve product quality, and sustain higher wages. However, as Low-Wage Work in the Wealthy World also shows, the European nations' higher level of inclusiveness is increasingly at risk. "Exit options," both formal and informal, have emerged to give employers ways around national wage supports and collectively bargained agreements. For some jobs, such as room cleaners in hotels, stronger labor relations systems in Europe have not had much impact on the quality of work. Low-Wage Work in the Wealthy World offers an analysis of low-wage work in Europe and the United States based on concrete, detailed, and systematic contrasts. Its revealing case studies not only provide a human context but also vividly remind us that the quality and incidence of low-wage work is more a matter of national choice than economic necessity and that government policies and business practices have inevitable consequences for the quality of workers' lives. A Volume in the Russell Sage Foundation Case Studies of Job Quality in Advanced Economies

Low Pay and the Minimum Wage

Low Pay and the Minimum Wage
Author: Peter Brosnan
Publisher:
Total Pages: 110
Release: 1989
Genre: Minimum wage
ISBN:

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"The minimum wage is intended to provide protection against severe exploitation of adult labour by unscrupulous employers. Recent governments have been reluctant to raise the Minimum to a realistic level. Yet raising the Minimum Wage would have numerous beneficial effects for workers, employers and the state and provide a significant contribution to the basis for the economy. A higher minimum would raise the pay of many thousands of workers. It would reduce the substantial gap between the average earnings of men and women. It would reduce the cost to the state of social welfare payments and would increase state revenues from taxation. it would boost confidence in the economy by raising consumer demand. it would give greater stability to many sectors and could provide the base for innovation and greater exports. These beneficial effects could be obtained with virtually no increase in prices and would produce a modest, but significant, reduction in unemployment."--Back cover.

The Right to a Living Wage

The Right to a Living Wage
Author: Matt Uhler
Publisher: Greenhaven Publishing LLC
Total Pages: 202
Release: 2017-07-15
Genre: Juvenile Nonfiction
ISBN: 1534500804

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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?

Times Change

Times Change
Author: Richard B. McKenzie
Publisher: Pacific Research Institute
Total Pages: 152
Release: 1994
Genre: Business & Economics
ISBN:

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How the most influential paper in the world has changed its mind--and ours--several times on the minimum wage.

Minimum Wages

Minimum Wages
Author: Finis Welch
Publisher: Studies in Government Regulati
Total Pages: 60
Release: 1978
Genre: Business & Economics
ISBN:

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Monograph commenting on trends and economic implications regarding minimum wage labour legislation in the USA - develops a system of indexation relating to minimum wage projections to 1981, contrasts Black-White, men and woman workers as well as young workers in terms of labour force participation, income and unemployment and in light of changes in the level of minimum wages. Bibliography pp. 47 and 48, graphs and statistical tables.