Questions tagged [minimum-wage]
The minimum-wage tag has no usage guidance.
-1
votes
2answers
75 views
How inflationary is progressive taxation?
Compared with, say minimum wage increases, how inflationary is progressive taxation?
-1
votes
3answers
57 views
What's a product that historically has always had the same value, and probably will in the future?
Money usually has inflation tied to it, but is there a product that has stayed around the same value world wide for a very long time, and probably will for a very long time as well (something like 100 ...
6
votes
2answers
96 views
Instrumental Variable Paper for Minimum Wage
I am trying to write a paper dealing with minimum wages and employment. I understand there is simultaneity bias between these two variables so I must come up with an instrument. Does anyone have any ...
0
votes
1answer
55 views
Would an $8 National Minimum Wage Work in the US?
For those who advocate a \$15 minimum wage, would the benefits espoused also come from an \$8 minimum?
The reason I ask, is that it’s often said that the minimum wage needs to be updated as it was ...
0
votes
0answers
21 views
How has adoption of 'Minimum Wage' fared in some European countries and Australia?
Let me be first clear: I am not asking about the theory here. That what will happen if minimum wage is adopted/increased. I know there are a lot of conflicting schools of thought, in that regard.
I'...
1
vote
1answer
35 views
How is it traditionally defined the minimum wage legislation in economics?
How is it traditionally defined the minimum wage legislation in economics? And which countries does not have a minimum wage legislation as defined in these terms?
1
vote
1answer
80 views
In a context of globalisation and high wage inequality, why should governments help unskilled workers?
With globalisation, wage inequality continues to be a strong issue for many developed nations.
What I seek to find out here is, why should we even do anything to help the unskilled workers?
From ...
0
votes
1answer
70 views
How can two countries of roughly the same size, population and GDP have such big differences in minimum wage?
We could answer this question theoretically, or give a real-world example of two such countries.
Is there anything more interesting to say than: that's just something decided by the government? Could ...
-1
votes
1answer
80 views
Do minimum wage laws bring more bad than good? [duplicate]
Let me begin by saying I know nothing about economics.
In the past couple of days I've been listening to some lectures by Milton Friedman. They are of non-technical nature. In one of them he makes an ...
-1
votes
1answer
51 views
Could 15 dollars per hour minimum wage hurt the economy? [duplicate]
I was arguing with a friend the other day about increasing the minimum wage to \$15 per hour,
Looking over this article
http://fortune.com/2015/04/13/who-makes-15-per-hour/
Mostly the charts you ...
6
votes
2answers
91 views
Minimum Wage effects on Adjacent Cities
When a city like Seattle raises the minimum wage to 15/hr, how does it affect the labor market in adjacent cities?
Are there examples, studies or accepted practices to address: Difficulty staffing ...
1
vote
0answers
33 views
How much does one percent of unemployment 'cost'? (Unemployment elasticity)
There is always debate that increasing minimum salary will pour in more money into the budget as those who get minimum salary will spend them immediately.
The counter argument is that increasing ...
0
votes
1answer
74 views
Equilibrium in a labour market and price floors
I'm (very) new to economics, taking it as an introductory subject at the moment. I had a quick question regarding labour markets and minimum wages imposed as a form of government intervention.
Is it ...
2
votes
1answer
147 views
lowering minimum wage by half, effect on population of Puerto Rico
I am reading about a new bill to lower the minimum wage in Puerto Rico from \$7.25 to \$4.25 per hour. This comes at a time, when both the New York and California have chosen to raise their minimum ...
2
votes
2answers
118 views
Has income inequality ever been solved in societies in the past in terms of what people make to cost of living? [closed]
One thing I've seen many on here whether life style is increasing or poor's wealth is, income inequality in terms of things like food, water, healthcare keep going up, but wages aren't keeping up. ...
4
votes
3answers
2k views
What kind of policy is minimum wage?
Does it fall under fiscal, monetary, or supply-side, or perhaps some other group? Also (seeing as minimum wage is a form of price control policy), where does the broader "price control policy" fall?
5
votes
1answer
176 views
Minimum wage vs wage subsdies
Many politicians argue that the minimum wage is essential for providing an sufficient standard of living to all. However, there are many issues binding price floors predicted by standard supply and ...
1
vote
0answers
24 views
How can I find state-level data on the unemployment rate of youth for 2014 and 2015?
I have found state-level, monthly unemployment data for 2014/2015, and I have found national monthly youth unemployment data for 2014/2015. However, I need all four together; State-level, monthly ...
4
votes
3answers
215 views
What keeps minimum wage rates in balance?
I would posit that the minimum wage is determined more on a political than an economic basis. The fact is that there are more wage earners than business owners and, generally speaking, the wage ...
1
vote
0answers
36 views
Is there a (mostly) objective study regarding minimum wage and job growth?
I think over the course of the past couple years the topic of wealth-inequality and living wages has become increasingly commonplace, and really one of the most debated topics (among us casuals at ...
4
votes
1answer
106 views
Empirical Data on Demand for Minimum-Wage Jobs in the USA
The idea of a minimum wage and its effects in terms of supply and demand are well-known in mainstream economic theory.
I'm constructing an argument regarding the minimum wage, and what I'm curious ...
8
votes
4answers
1k views
Effect of minimum wage on higher levels of pay
Suppose the minimum wage increases to \$$x$. Is there any evidence on the effect (if any) this is likely to have upon the wage profile of workers higher in the hierarchy, who are already paid more ...
3
votes
1answer
95 views
Should minimum wage be regulated for developing countries
I live in a developing country, where unemployment is at roughly 25%. There is a large divergence in population whereby skilled workers are typically active within in the manufacturing, finance, ...
5
votes
2answers
168 views
Stimulus Effect of the Minimum Wage
In the question about the minimum wage found here, I have heard several times that an increase in the minimum wage can, as one of several competing effects, "boost the economy" by increasing the ...
33
votes
11answers
6k views
What is the economic purpose of increasing the minimum wage?
It is generally accepted among economists that minimum wage warps the equilibrium point between the supply and demand of labor by instituting a price floor and increases unemployment for unskilled ...
