American Economists and Minimum Wage Legislation During the Progressive Era: 1912–1923

Robert Prasch

Journal of the History of Economic Thought, 1998, vol. 20, issue 2, 161-175

Abstract: Several recent studies, such as that by David Card and Alan Krueger (1995), have led the economics profession to reconsider the theoretical and empirical arguments for and against minimum wage legislation. Most noteworthy was the fact that two respected members of the mainstream economics profession claimed to have found that an increased minimum wage did not lead to increases in unemployment. Moreover, their result was derived from the market for unskilled labor.

Date: 1998
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