The Minimum Wage and Job Creation

Oren M. Levin-Waldman
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Oren M. Levin-Waldman: Metropolitan College of New York

Chapter Chapter 4 in Restoring the Middle Class through Wage Policy, 2018, pp 91-108 from Palgrave Macmillan

Abstract: Abstract Based on the positive welfare effects of the minimum wage for the middle class, the minimum wage can serve as a foundation for jobs creation. The standard models for job creation typically used have been fiscal policy, whether through tax cuts and/or fiscal stimulus packages, and monetary policy. These approaches alone aren’t enough; rather wage policy in the form of a minimum wage also needs to be a critical component in the mix. A minimum wage that forms a foundation for job creation could reduce reliance on the welfare state and foster greater self-sufficiency. In this regard, the minimum wage may also be the most conservative approach to assisting the middle class.

Keywords: Minimum Wage Increase; Job Creation; Wage Policy; Positive Welfare Effects; Social Security Payroll Tax (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:bifchp:978-3-319-74448-3_4

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DOI: 10.1007/978-3-319-74448-3_4

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