The Unsinkable Minimum Wage

In: Policy review: the journal of American citizenship, Band 11, S. 83-95

Abstract

Although economists consistently reject the minimum wage, the public generally continues to support it. Even political figures who admit the validity of the substantial economic arguments largely continue to support minimum wage rates. Such interest groups as trade unions, protection-seeking employers, & public servants working in management relations all benefit from miminum wages & are organized to support them, while those unemployed because of minimum wage are not well enough organized to protect their interests. W. H. Stoddard.