The Concise Guide to the Minimum Wage

by Jim Cox
 

Home

Introduction

  1. What's the Effect of the Law?
  2. Why Not Raise It Even Higher?
  3. "People Have to Have a Livable Wage"
  4. On-the-Job Training
  5. "How Could Anyone's Labor Be Valued at Less Than the Minimum Wage?"
  6. Minimum Wage is Actually Higher than $5.15
  7. "It's Easy for the Middle Class to Call for Abolishing the Minimum Wage"
  8. Organized Labor
  9. Impact on Young, Minorities
  10. Fixed Number of Jobs?
  11. Racism
  12. Supra-Marginal Firms
  13. The Sub-Minimum Wage Law
  14. 300,000 vs. 600,000 Jobs Lost
  15. Crime
  16. Mandated Wages, Not Mandated Jobs
  17. "Businesses Can Afford It"
  18. The Card-Krueger Study
  19. The Monopsony Model
  20. Current Pay in the Market
  21. What is the Source of Wages?
  22. Individual Freedom

References

About the Author

Introduction

All of us of goodwill want to see low-skilled workers' standard of living improve. The question is how to accomplish this worthy goal. It is understandable that there is widespread inclination to support an increased minimum wage. However, economic analysis demonstrates to us that increasing the minimum wage is actually harmful to the low-skilled. As Walter Williams has stated: "passionate issues require dispassionate analysis." In the interest of these low-skilled workers, an honest, and dispassionate analysis is therefore warranted. This booklet, broken into 22 short sections is an attempt to provide just such an analysis.

 
 

The Concise Guide to the Minimum Wage © 2003 Jim Cox