Minimum wage inspires debate among many Americans—from advocates who consider it beneficial to the poor and middle class to those who feel it leads to greater unemployment. This comprehensive overview examines the history, policies, and key players in the minimum wage arena and discusses the various controversies that have surrounded it. Author Oren M. Levin-Waldman presents a balanced approach to the topic, shedding light on legitimate evidence from both sides of the argument and debunking claims based on ideology, partisanship, and distortions of data.
The book presents an historical overview from the early 20th century through the present day, exploring the various legal issues, benefits, and potential problems of low-wage labor markets. Contributions from key economists along with profiles of seminal figures and organizations present a variety of different perspectives and show the expanse of political, economic, and academic involvement in marshaling effective solutions. The content features informative data, resources for further action, a helpful chronology, and a thorough glossary.
- Presents data not typically found in many of the standard works
- Reviews the impact of previous increases in the minimum wage at both the federal and state levels
- Identifies the leading critics and proponents of minimum wage increases from the early 20th century to the present
- Surveys the impact of compensation laws around the world
- Pays attention to impact of minimum wage policy on the middle class as well as the poor and working class
- Provides an impartial and unbiased look at the issue, acknowledging the validity of points and concerns raised by both sides