SYMPOSIUM: THE LOW-WAGE WORKER: LEGAL RIGHTS--LEGAL REALITIES: Article: Minimum Wages and Low-Wage Workers: How Well Does Reality Match the Rhetoric? Skip over navigation
LexisNexis® Browse Law Reviews and Treatises
Skip over navigation
Sign in with your lexis.com® ID to access the full text of this article.
-OR-
Order the full text of this article if you do not have a lexis.com® ID.
 
Price: 
US $22.00 (+ tax)
 
 

Copyright (c) 2008 Minnesota Law Review Foundation
Minnesota Law Review

SYMPOSIUM: THE LOW-WAGE WORKER: LEGAL RIGHTS--LEGAL REALITIES: Article: Minimum Wages and Low-Wage Workers: How Well Does Reality Match the Rhetoric?

May, 2008

Minnesota Law Review

92 Minn. L. Rev. 1296

Author

David Neumark and William Wascher +

Excerpt



The minimum wage has long been a fixture of U.S. labor market policy. 1 The federal minimum, which was introduced in 1938 as part of the Fair Labor Standards Act (FLSA), 2 is currently set at $ 5.85 per hour and is scheduled to rise to $ 7.25 per hour by 2009. 3 According to the U.S. Department of Labor, the FLSA covers more than 130 million U.S. workers, 4 although most are paid above the federal minimum wage. 5 In addition, most states have their own minimum wage laws, which sometimes specify a minimum wage and typically extend coverage to workers exempt for the federal law. 6

Despite their widespread application, minimum wages remain controversial among economists and policymakers. Many supporters point to the potential benefits of minimum wages; for example, they claim that minimum wages increase the incomes of the poor and ensure a fair and decent wage to low-skilled workers who have insufficient bargaining power to attain such a wage on their own. 7 In contrast, minimum wage opponents emphasize the potential adverse effects of minimum wages on labor market opportunities for low-skilled workers, and some argue that minimum wages may harm the aggregate economy. 8

This Article surveys the available evidence to assess how the economic effects of minimum wages match the rhetoric that minimum wage proponents and opponents have espoused. For example, do minimum wages lead to substantial job losses and increases in prices, as opponents assert? What should we make of ...
 
 
If you are interested in obtaining a lexis.com® ID and Password, please contact us at 1-(800)-227-4908 or visit us at http://www.lexisnexis.com/.
Search Documents
 
eg., Environmental Insurance Coverage Under the Comprehensive General Liability Policy
 
 
 
 

Lexis® Web - The only search engine that delivers free web content specifically from legal sites validated by LexisNexis® attorney editors and includes tools for faster research and more relevant results.

 
LexisNexis Store
Research Now - Go to lexis.com
Connect the Dots - Free 1 hour webcast
Share. Network. Discover. - Go to LexisNexis Communities