[DOWNLOAD] ~ An American Perspective on the 2010 Increase in the Australian Minimum Wage by Richard V. Burkhauser ~ eBook PDF Kindle ePub Free
eBook details
- Title: An American Perspective on the 2010 Increase in the Australian Minimum Wage
- Author : Richard V. Burkhauser
- Release Date : January 01, 2010
- Genre: Business & Personal Finance,Books,Economics,
- Pages : * pages
- Size : 67 KB
Description
The minimum wage provisions of the Fair Labor Standards Act of 1938 have been repealed by inflation. Many voices are now taking up the cry for a higher minimum. Economists have not been very outspoken on this type of legislation. It is my fundamental thesis that they can and should be outspoken, and singularly agreed. The popular objective of minimum wage legislation the elimination of extreme poverty is not seriously debatable. The important questions are rather (1) Does such legislation diminish poverty? and (2) Are there efficient alternatives? The answers are, if I am not mistaken, unusually definite for questions of economic policy. If this is so, these answers should be given. Some readers will probably know my answers already ("no" and "yes," respectively); it is distressing how often one can guess the answer given to an economic question merely by knowing who asks it. But my personal answers are unimportant; the arguments on which they rest are ... (Stigler 1946). **********