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Minimum Wages$
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David Neumark and William L. Wascher

Print publication date: 2008

Print ISBN-13: 9780262141024

Published to MIT Press Scholarship Online: September 2013

DOI: 10.7551/mitpress/9780262141024.001.0001

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Summary and Conclusions

Summary and Conclusions

(p.285) 9 Summary and Conclusions
Minimum Wages

David Neumark

William L. Wascher

The MIT Press

This chapter, which summarizes the main conclusions from the research discussed in the preceding chapters, offers some concluding thoughts, and discusses implications for public policy, argues that minimum wages fail to deliver on their goal of improving the lives of low-wage workers, low-skill individuals, and low-income families. A preferred alternative to minimum wages are policies that enable families to become economically self-sufficient—earning their way to an acceptable living standard.

Keywords:   minimum wage, public policy, economic self-sufficiency

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