Capital Market Journal

Capital Markets are the cornerstone foundation of economies

Wage and Employment Effects of Non-Binding Minimum Wages

Common wisdom holds that the introduction of a non-binding minimum wage is irrelevant foractual wages and employment. Empirical and experimental research, however, has shown thatthe introduction of a minimum wage can raise even those wages that were already above thenew…

MINIMUM WAGES AND EMPLOYMENT:A REVIEW OF EVIDENCE FROM THE NEW MINIMUM WAGE RESEARCH

NBER WORKING PAPER SERIES https://www.nber.org/system/files/working_papers/w12663/w12663.pdf