Statutory Minimum Wage Controls: A Critical Review of Their Effects on Labour Markets, Employment & IncomesAround the world, minimum wage controls have excluded low cost competitors from labour markets, hampered firms in reducing wage costs during trade downturns, and caused various industrial economic inefficiencies as well as unemployment, poverty, and price rises. This study analyses national minimum wage fixing as a special form of political economic protectionism the equivalent of tariff barriers to low cost imports. It sees it as violating Treaty of Rome and other basic guarantees of free trade and markets in labour services in Europe. The widely used study contains a detailed critique of the recently established British national minimum wage fixing regime. Contents: 1. Minimum Wage Controls and their Effects: an Overview 2. Minimum Wage Control and De Control in Particular Countries 3. Legal Aspects of Minimum Wage Control 4. Minimum Wage Control and Unemployment 5. The Effects of Minimum Wage Controls on Employers and the Demand for Labour 6. The Effects of Minimum Wage Controls on Employees and the Supply of Labour 7. The Effects of Minimum Wage Controls on Incomes and Welfare |
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Statutory Minimum Wage Controls: A Critical Review of Their Effects on ... Lewis F. Abbott Vista previa restringida - 2013 |
Términos y frases comunes
Adam Smith Institute artificial barriers to labour Britain business-economic growth businesses companies competition countries demand for labour earnings employ employers and employees entry and employment European Union factors of production firms and employees firms and industries freelance government minimum wage households incomes policy increases in wages industrial-commercial industrial-economic investment job creation labour costs labour market entry large numbers low wages lower major market and employment minimum hourly minimum wage controls minimum wage fixing minimum wage increases minimum wage laws minimum wage rates minimum wage tariff national minimum wage Nonetheless occupations official minimum wage official wage fixing official wage hikes part-time payments political-legal poverty profits protectionism protectionist reduce redundant retail sector self-employed shadow economy significant skills statutory minimum wage subsidies substantial suppliers teleworkers tend trade unions unemployed persons wage bills wage control regimes wage cost increases wage fixing regimes wage tariff barriers welfare benefits workers youth unemployment
Pasajes populares
Página 1 - The patrimony of a poor man lies in the strength and dexterity of his hands; and to hinder him from employing this strength and dexterity in what manner he thinks proper without injury to his neighbour is a plain violation of this most sacred property.
Página 55 - The Effects of New Jersey's Minimum Wage Increase on Fast-Food Employment: A Re-evaluation Using Payroll Records, National Bureau of Economic Research, Working Paper No.
Página 91 - Impact of Minimum Wages on Other Wages, Employment, and Family Incomes," Brookings Papers on Economic Activity, no.
Página 55 - Editorial The negative effects of an increase in the minimum wage will disproportionately impact theatre owners in small towns and in rural areas where the cost of living is much lower than in other parts of the country. Many movie theatres...
Página 9 - The high rate of unemployment amongst teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws...
Página 75 - It then penalizes them a second time by preventing them from offering to work for low wages as a means of inducing employers to give them on-the-job training.
Página 80 - It is desirable to know how material living standards would be affected if growth is less than presently projected, and whether less growth in the future has any significance for the welfare of low-income groups. Our analysis indicates that if increased environmental protection costs are passed on to consumers in the form of higher prices, then the rate of growth of demand is reduced. Thus, further research into the energy supply problems outlined in Fig. 1 is linked to better predictions of future...
Página 75 - The minimum wage law requires employers to discriminate against persons with low skills...
Página 57 - The demand for labour is thus derived from the demand for the goods and services produced by the employing firms and industries concerned.
Referencias a este libro
British Democracy: Its Restoration & Extension Industrial Systems Research Vista previa restringida - 2006 |
Industry and Enterprise: An International Survey of Modernization and ... Industrial Systems Research Vista previa restringida - 2003 |
Información bibliográfica
| Título | Statutory Minimum Wage Controls: A Critical Review of Their Effects on Labour Markets, Employment & Incomes Volumen 4 de ISR Business and the political-legal environment studies |
| Autor | Lewis F. Abbott |
| Editor | Industrial Systems Research, 2012 |
| ISBN | 0906321220, 9780906321225 |
| N.º de páginas | 102 páginas |
| Exportar cita | BiBTeX EndNote RefMan |