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The Minimum Wage: Does It Really Help Workers?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Mccormick, Paul Block, Walter E. |
| Copyright Year | 2008 |
| Abstract | AbstractThere is perhaps no greater cognitive dissonance than that which exists between the view that economists and non economists have about the minimum wage law. According to the latter, most recently articulated by President Clinton in an attempt to raise the level of coverage from $5.15 to $6.15, this law is all that stands between poorer working Americans and a continued loss in the purchasing power of their salaries. However as the present paper points out, this is a snare and a delusion. The minimum wage actually creates unemployment for the unskilled. Far from benefitting them, it is a positive harm to those at the bottom of the labor market. |
| Starting Page | 141 |
| Ending Page | 144 |
| Page Count | 4 |
| File Format | PDF HTM / HTML |
| DOI | 10.1142/9789812790798_0012 |
| Alternate Webpage(s) | http://www.walterblock.com/wp-content/uploads/publications/minimum_wage.pdf |
| Alternate Webpage(s) | https://doi.org/10.1142/9789812790798_0012 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
