Thomas W.VolschoJr., inResearch in Social Stratification and Mobility, 2005 On the other hand, institutional economists have argued that theminimum wageis an effective means of raising the earnings of low-paid workers (Webb, 1912;Lester, 1947;Freeman, 1996;Levin-Waldman, 2001Levitan & Belous,...
The focus is on economic growth, unemployment, inflation, fiscal and external imbalances, and debt sustainability. Structural adjustment and other micro-economic empirical evidence is evaluated next, initially from a sectoral perspective,...doi:10.1080/00779956909543897HallV. B.New Zealand Economic Papers...
We find that increases in the federal minimum wage between 1947 and 1997 have raised average wages in many of these industries, especially the lowest wage ones. The effect on employment, however, is mixed and typically nonsignificant, even when average wages have risen.doi:10.1198/...
According toourquadcities.com, the minimum wage will once again go up in Illinois in 2024, the increase will be to $14. This will go into effect on January, 1st 2024, and in thearticle, they say... "Illinois’ new minimum wage will be $14 per hour for those over 18 years old. ...
As always when the minimum wage is increased we here in small communities think about the impact it will have on our small and local businesses. Business owners may be frustrated by this increase, but at least the state of Illinois has given them fair warning about these gradual increases. ...
In 1973, as a high school drop out, I was earning $7.50 an hour as an unskilled union worker in a sheet metal factory in Massachusetts. Now 40 years later in 2013 the minimum wage is still less --- at
By focusing on the distribution of employment and how that distribution changes over the cycle, estimates of some aspects of the impact of the minimum wage that have not previously been analyzed have been developed. The evidence indicates that increases in the minimum wage over the period 1947–...
FactSheetFairMinimumWageActof2007事实表的最低工资法案2007 系统标签: wageminimumfair法案sheetfact FactSheet:“FairMinimumWageActof2007”Review:OnMay25th,2007,PresidentBushsignedintolawHouseresolution2206whichincludestheFairMinimumWagActof2007.TheFederalminimumwagewillreachatotalincreaseof$2.10withintwoyearsfollowin...
By focusing on the distribution of employment and how that distribution changes over the cycle, estimates of some aspects of the impact of the minimum wage that have not previously been analyzed have been developed. The evidence indicates that increases in the minimum wage over the period 1947鈥...