Attention Economy


Wednesday, January 2, 2019

The Minimum Wage Debate [UPDATED]

An excellent primer on the minimum wage debate:
http://www.anderson.ucla.edu/faculty-and-research/anderson-review/minimum-wage-primer-leamer

Minimum Wage Debate – Public Health Perspective
MATTHEW DESMOND argues:
“A living wage is an antidepressant. It is a sleep aid. A diet. A stress reliever. It is a contraceptive, preventing teenage pregnancy. It prevents premature death. It shields children from neglect.”

How much is an hour worth? The war over the minimum wage

To help unemployed workers, extend benefits rather than raise them

http://review.chicagobooth.edu/economics/2018/article/help-unemployed-workers-extend-benefits-rather-raise-them

The Pro-Growth Minimum Wage by ROBERT ATKINSON

“When the price of labor is high, the return on investment from labor-saving technology is increased because such an investment saves the firm more. This exemplifies the “Webb effect”—the theory that a higher wage floor leads to higher levels of efficiency.”

Bargaining Power – Employers versus Employees