Aufsatz(gedruckt)#11974
VOTE EARNING VERSUS VOTE LOSING PROPERTIES OF MINIMUM WAGE LAWS
In: Public choice, Band 19, S. 133-138
ISSN: 0048-5829
FINDS THE OPPOSITION OF ECONOMISTS TO MINIMUN W AGE LAWS TO BE IGNORANT OF POLITICAL REALITIES. THIS IS BECAUSE "THE MINIMUM WAGE IS AS POPULAR AMONG THE POPULACE AS IT IS UNPOPULAR AMONG ECONOMISTS." REVIEWS FRANK STEINDL'S THEORY THAT IF THE NUMBER OF INDIVIDUAL IN JOBS WHO ARE HELPED BY MINIMUM WAGE LAWS EXCEEDS THOSE WHO ARE HURT BY THEM, THERE WILL BE POLITICAL GAIN IN THIS POLICY.