The Minimum Wage Once Again
Abstract
There is a great cognitive dissonance between what is commonly taught in economics and what passes for sound public policy analysis within the beltway of Washington D.C. Nowhere is a more stark example of this to be found than in the case of the minimum wage law. Many students know that a minimum wage law exacerbates unemployment, particularly for low-skilled, youthful, and minority males. Card and Krueger (1994, p. 792) even characterize this claim as "the central prediction of the textbook model of the minimum wage," but attempt to undermine it their article.
Downloads
Published
Issue
Section
License
By making research freely available, we help support the greater global exchange of knowledge. There are no article submission or processing charges. Each journal volume is preserved via the Walker Library's three level preservation methods including local and cloud storage. The author(s) retains/retain the copyright to the work, but grants the Journal the right to publish, display, and distribute the work in print and electronic format. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons CC BY-NC-ND 4.0 license that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal. For more information on this license go to https://creativecommons.org/licenses/by-nc-nd/4.0.