Full Citation
Title: The Unexpected Long-Run Impact of the Minimum Wage: An Educational Cascade
Citation Type: Book, Section
Publication Year: 2011
ISBN: 9780804771856
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Abstract: The Minimum wage is a contentious and emotional issue in the United States, and it has been for almost a century. A shothand version of the issue at stake was famously stated by Milton Friedman in Playboy magazine: "A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills" (Normal 1973, re-printed in Friedman 1983, p. 16). Proponents, of course, argue that the purpose of a minimum wage is to ensure that every (covered) worker earns an income that can purchase at least the bare . . .
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Authors: Sutch, Richard
Editors: Rhode, Paul; Rosenbloom, Joshua; Weiman, David
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Volume Title: Economic Evolution and Revolution in Historical Time
Publisher: Stanford University Press
Publisher Location: Stanford
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Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure, Poverty and Welfare
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