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Minimum Wages
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Minimum Wages

David Neumark and William L. Wascher


Minimum wages exist in more than one hundred countries, both industrialized and developing. The United States passed a federal minimum wage law in 1938 and has increased the minimum wage and its coverage at irregular intervals ever since; in addition, as of the beginning of 2008, thirty-two states and the District of Columbia had established a minimum wage higher than the federal level, and numerous other local jurisdictions had in place “living wage” laws. Over the years, the minimum wage has been popular with the public, controversial in the political arena, and the subject of vigorous debat ... More

Keywords: minimum wage, poverty, earnings, living wage, employment, acquisition of skills, income distributions, labor market, prices, aggregate economy

Bibliographic Information

Print publication date: 2008 Print ISBN-13: 9780262141024
Published to MIT Press Scholarship Online: September 2013 DOI:10.7551/mitpress/9780262141024.001.0001


Affiliations are at time of print publication.

David Neumark, author

William L. Wascher, author