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The Minimum Wage and Job Creation

In: Restoring the Middle Class through Wage Policy

Author

Listed:
  • Oren M. Levin-Waldman

    (Metropolitan College of New York)

Abstract

Based on the positive welfare effects of the minimum wage for the middle class, the minimum wage can serve as a foundation for jobs creation. The standard models for job creation typically used have been fiscal policy, whether through tax cuts and/or fiscal stimulus packages, and monetary policy. These approaches alone aren’t enough; rather wage policy in the form of a minimum wage also needs to be a critical component in the mix. A minimum wage that forms a foundation for job creation could reduce reliance on the welfare state and foster greater self-sufficiency. In this regard, the minimum wage may also be the most conservative approach to assisting the middle class.

Suggested Citation

  • Oren M. Levin-Waldman, 2018. "The Minimum Wage and Job Creation," Binzagr Institute for Sustainable Prosperity, in: Restoring the Middle Class through Wage Policy, chapter 0, pages 91-108, Palgrave Macmillan.
    • Handle: RePEc:pal:bifchp:978-3-319-74448-3_4
    DOI: 10.1007/978-3-319-74448-3_4
    as

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