Economics Topics

Economics Topics

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Minimum Wage Rates

Minimum Wages and Special Interest Theory-an Anecdote
by Phil Miller of Market Power
April 2, 2008, 7:49 am, 270814

Businesses will support policies that benefit it by hurting its competition.  Dan Hamermesh explains this in referring to an example of a minimum wage proposal from Germany.

One might wonder why a big employer is pushing a plan that might raise its average variable cost. The reason is that the ...

From the Sandbox to YourBiz
Political Calculations
July 30, 2007, 9:05 am, 205849

Not long ago, we were contacted by MSNBC's Eve Tahmincioglu, as she was researching an article for her new blog within the MSNBC universe, YourBiz. She had stumbled across the tool we created that estimates the impact of a minimum wage increase upon a small ...

Spencer Looks at Minimum Wage Increases
Angry Bear
July 23, 2007, 4:04 pm, 203865
Reader Spencer, like a lot of other folks who frequent this blog and similar blogs, has an annoying habit of looking at data, and data has an annoying habit of not necessarily doing what our betters tell us theory says.

Here's Spencer looking at Minimum Wage increases...

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Minimum Wage Rises Cost Jobs
by Tim Worstall of Tim Worstall
July 2, 2007, 7:04 am, 198253
As if we didn't already know this anyway. Via....

Illinois raises its minimum wage; guess what happens
by Craig Newmark of Newmark's Door
July 2, 2007, 5:02 am, 198225

Yes, Virginia, raising the minimum wage will cost at least a few people their jobs. Even in Illinois.

The reality of minimum wages
Adam Smith Institute Blog
July 2, 2007, 2:02 am, 198192
A recent edition of the Fraser Institute's public policy review contained a welcome reminder of the economic reality of the minimum wage. It's a shining example of the unintended consequences of government intervention in the marketplace.

A review of academic studies examining the effects of minimum wages over the ...

Maximum wage laws
by Tyler Cowen of Marginal Revolution
July 1, 2007, 7:53 am, 198085

...the ambitious plan for the new free-trade zone -- nicknamed Zip Choluteca -- rests on a controversial low-wage pact, made in the spring among the project's developers, the Honduran government and national labor unions. In return for luring investors to an untested and undeveloped region, the agreement guarantees them a minimum profit by keeping wages ...