Occupational Wages in the Fast-Food Industry. Welch, Finis, and Cunningham, James. Confirms that higher minimum wage rates reduce youth employment and increases youth unemployment rates, especially for nonwhite males. Argues that increases in the minimum wage, which apply only to money wages, will lead to a reduction in non-money wages, such as fringe benefits.
Minimum Wages and the Distribution of Economic Activity. However, in the interval between an increase and the time when productivity catches up to it results in higher unemployment and business failures.
Suggests that support for the minimum wage even among those adversely affected may result from those benefiting having a clearer perception of the benefits than those who are harmed have of the negative effects. Employment Effects of Minimum Wages, Measures and Industry Effects.
The minimum wage lowers the capital stock. Thus, the consequences of minimum wage laws have been almost wholly bad. Minimum Wages and the Farm Labor Market. McKenzieWessels Finds that the minimum wage discourages part-time employment in favor of full-time jobs.
Estimating the Number of Minimum Wage Workers. The minimum wage increases the number of people on welfare. Finds that an increase in the minimum wage increases white family incomes more than black family incomes.
Youth and Minority Unemployment. The minimum wage hurts low wage workers. Extension of the minimum wage to retail trade lowered employment in that industry by as much aswith the main impact on teenagers.
Finds that the negative effects of a minimum wage increase are greatest for nonwhite teenagers. Also, middle- and high-income families benefit more than low-income families. Quarterly Journal of Economics, vol.
This is because the disemployment impact falls mainly on teenagers, whose contribution to family income is small. Argues that indexing the minimum wage would magnify its problems. Higher Wages, Greater Poverty. The minimum wage helped South African whites at the expense of blacks.
Historically, defenders of the minimum wage have not disputed the dis-employment effects of the minimum wage, but argued that on balance the working poor were better off. The minimum wage has long-term effects on skills and lifetime earnings.the existing research as suggesting that “time-series studies typically find that a 10 percent increase in the minimum wage reduces teenage employment by one to three percent” (p.
). This range subsequently came to be thought of as the consensus view of economists on the employment effects of the minimum wage. Finds that a 10% increase in the minimum wage will reduce teenage employment by 1% to 3%. Brown, Charles; Gilroy, Curtis; and Kohen, Andrew.
Time-Series Evidence of the Effect of the Minimum Wage on Teenage Employment and Unemployment. In. Jeffrey Clemens and Michael Wither, "The Minimum Wage and the Great Recession: Evidence of Effects on the Employment and Income Trajectories of Low-Skilled Workers," dominicgaudious.net, Nov.
24, James Dorn, "The Minimum Wage Delusion. ence on Databases and Information Systems (BalticDB&IS’). The series of Baltic DB&IS conferences has been initiated by Janis Bubenko jr.
and Arne Solvberg in Effects of a Minimum Wage Increase on Employment Level in the Article The Minimum Wage and Product Differentials by Brodley S. Wimmer. 1, words.
2 pages. An Analysis of Global Stratification. words. 1 page. An Analysis of the Topic of the Food. minimum wage was to increase annually in proportion to the annual average increase in the metropolitan area’s Consumer Price Index.
The Fair Shot Minimum Wage Amendment Act of ($15 MWP) substantially expanded the previous policy by gradually increasing the hourly minimum wage up to $15 by (see Table 1).Download