Annotated bibliography on Statutory Minimum Wage Controls
Abbott, Lewis (2013), Statutory Minimum Wage Controls: A Critical Review of Their Effects on Labor Markets, Employment and Incomes. Industrial Systems Research.
This book focuses on critiquing the minimum wage and pointing out its impact on incomes, employment and labor. It goes further to examine the capitalist economic system and the flaws it has in addressing labor’s concerns.
Card, David & Krueger, Alan. Minimum Wages and Employment: A Case Study of the Fast Food Industry in New Jersey and Pennsylvania. pp7. http://www.uh.edu/~adkugler/Card%26Krueger.pdf
This study focuses on employers’ reactions to increases in the minimum wage, specifically the restaurant sector and how these defy conventional economic wisdom. Card and Alan present a convincing case that has made this study one of the most influential in the minimum wage discussion.
Dolton, Peter and Bondibene, Chiara Rosazza, The International Experience of Minimum Wages in an Economic Downturn (January 2012). Economic Policy, Vol. 27, Issue 69, pp. 99-142, 2012. Available at SSRN: https://ssrn.com/abstract=1987317 or http://dx.doi.org/10.1111/j.1468-0327.2011.00278.x Don't use plagiarised sources.Get your custom essay just from $11/page
This study examines numerous countries handling of the minimum wage issue and how this has affected their economies. It also delves into the economic and social effects of the minimum wage, whether it rises or falls and how this affects society. The study works with the recessionary and inflationary data from different countries and how these affected the labor pool.
Eyraud, François, Saget, Catherine, (2005) The Fundamentals of Minimum Wage Fixing. Pp 62, International Labor Office, International Labor Organization, 2005
This book takes the global perspective on minimum wage, especially the role of the International Labor Organization as a champion and arbiter of minimum wage issues and how this has affected various countries. It also highlights the ILOs efforts in establishing minimum wage laws across the world.
Maak, T. (2007). Responsible leadership, stakeholder engagement, and the emergence of social capital. Journal of Business Ethics, 7, 329-343. doi:10.1007/s10551-007-9510-5
Thomas Maak takes an ethical view of the minimum wage debate, and uses statistical data to support his views in the face of a fluid and amoral interpretation of the importance of minimum wage requirements.
Meer, Jonathan, West, Jeremy. (2015) Effects of the Minimum Wage on Employment Dynamics. Texas A&M University and NBER
In this book Meer and West argue that a long-term and macro-perspective to the minimum wage is what truly captures the impact of a rise or fall in the minimum wage. They cite numerous studies that give even contradictory conclusions on various aspects of the minimum wage discussion. Damningly, they discover that the existence and increase of the minimum wage reduces job growth across several years using credible statistical data; a scenario that may hint at the US loss of jobs to China over the last 30 years.
NLIHC. (2017), OUT OF REACH 2017: The High Cost of Housing, National Low Income Housing Coalition. pp 1 – 5. http://nlihc.org/sites/default/files/oor/OOR_2017.pdf
This annual report from the National Low Income Housing Coalition that touches on the correlation between low minimum wages and the ability of workers to get housing is an influential study aimed at encouraging regular increases to minimum wage. It focuses on the effect of inflation in eroding incomes and crippling the most vulnerable segments of the US labor force.
Tom Ahn, Peter Arcidiacono & Walter Wessels. The Distributional Impacts of Minimum Wage Increases When Both Labor Supply and Labor Demand Are Endogenous. Pages 12-23 | Received 01 Apr 2007, Published online: 01 Jan 2012
This report focuses on the teen labor market, surveying working respondents in their late teenage years to demonstrate that small shifts in employment levels are hiding large changes in labor availability. This study also delves into the market disparity between rich and poor teens and how this affects employability/ employment.
Quigley, Bill. Top Ten Arguments for Raising the Minimum Wage, The Huffington Post, published, May 16, 2015. Accessed Marc 8, 2018. https://www.huffingtonpost.com/bill-quigley/top-ten-arguments-for-rai_b_6879220.html
This article acts as a compendium of research sources that all support an increase in the minimum wage. Quigley cites credible and influential thinkers, policy makers and company reports in the labor sector whose thoughts powerfully enlighten ordinary observers.