Why the Minimum Wage Orthodoxy Reigns Supreme

Oren M. Levin-Waldman

Challenge, 2015, vol. 58, issue 1, 29-50

Abstract: There has been a growing chorus in favor of a much higher minimum wage. But the ongoing pressure from orthodox economists keeps a lid on just how high the rate can go. Even when new empirical data show that a higher minimum wage does not cost jobs, the orthodoxy remains convinced it will. Why is this? Few examinations are as thorough as the author presents here. It is a tour de force of analysis about why orthodox views that a hike in the minimum wage will be costly to the economy overall remain.

Date: 2015
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DOI: 10.1080/01603477.2015.990834

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