State Arbitration and the Minimum Wage in Australasia

Macrosty, Henry W.

doi:10.2307/2140622

Cited by 3 publications

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“…This was especially the case in Britain, Australia and New Zealand whose experiments in labor legislation often served as models for American academics interested in reform (Commons and Andrews, 1916;Feis, 1921;Hammond, 1913Hammond, , 1915Hutchinson, 1919, pp. 97-111;Macrosty, 1903;Wise, 1912). Samuel Lindsay, a Columbia University economist, offered a fairly typical definition of the living wage: "The living wage is defined as compensation for labor performed under reasonable conditions and sufficient to enable employees to secure for themselves, and those who are or may be reasonably dependent upon them, the necessary comforts of life" (Lindsay, 1913, pp.…”

Section: The Living Wagementioning

confidence: 99%

American Economists and Minimum Wage Legislation During the Progressive Era: 1912–1923

Prasch¹

1998

J Hist Econ Thought

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Several recent studies, such as that by David Card and Alan Krueger (1995), have led the economics profession to reconsider the theoretical and empirical arguments for and against minimum wage legislation. Most noteworthy was the fact that two respected members of the mainstream economics profession claimed to have found that an increased minimum wage did not lead to increases in unemployment. Moreover, their result was derived from the market for unskilled labor.

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Section: The Living Wagementioning

confidence: 99%