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Why the Minimum Wage Orthodoxy Reigns Supreme

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  • Oren M. Levin-Waldman

Abstract

There has been a growing chorus in favor of a much higher minimum wage. But the ongoing pressure from orthodox economists keeps a lid on just how high the rate can go. Even when new empirical data show that a higher minimum wage does not cost jobs, the orthodoxy remains convinced it will. Why is this? Few examinations are as thorough as the author presents here. It is a tour de force of analysis about why orthodox views that a hike in the minimum wage will be costly to the economy overall remain.

Suggested Citation

  • Oren M. Levin-Waldman, 2015. "Why the Minimum Wage Orthodoxy Reigns Supreme," Challenge, Taylor & Francis Journals, vol. 58(1), pages 29-50, January.
    • Handle: RePEc:mes:challe:v:58:y:2015:i:1:p:29-50
    DOI: 10.1080/01603477.2015.990834
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    References listed on IDEAS

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    1. finis-welch, 1978. "Minimum Wages: Issues and Evidence," Books, American Enterprise Institute, number 921141, September.
    2. Congressional Budget Office, 2014. "The Effects of a Minimum-Wage Increase on Employment and Family Income," Reports 44995, Congressional Budget Office.
    3. Congressional Budget Office, 2014. "The Effects of a Minimum-Wage Increase on Employment and Family Income," Reports 44995, Congressional Budget Office.
    4. Congressional Budget Office, 2014. "The Effects of a Minimum-Wage Increase on Employment and Family Income," Reports 44995, Congressional Budget Office.
    5. Alida Castillo Freeman & Richard B. Freeman, 1991. "Minimum Wages in Puerto Rico: Textbook Case of a Wage Floor?," NBER Working Papers 3759, National Bureau of Economic Research, Inc.
    6. Congressional Budget Office, 2014. "The Effects of a Minimum-Wage Increase on Employment and Family Income," Reports 44995, Congressional Budget Office.
    7. Nolan McCarty & Keith T. Poole & Howard Rosenthal, 2008. "Polarized America: The Dance of Ideology and Unequal Riches," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633612, December.
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