Monopsony Power in Labor Markets
https://www.nber.org/reporter/2024number1/monopsony-power-labor-markets
https://www.nber.org/reporter/2024number1/monopsony-power-labor-markets
As Push for Higher Minimum Wages Grows, New York
Offers a Test Case
Fed research suggested higher minimum wages did not
cost jobs in border counties. Industry-level analysis and real-life stories
back that up — with caveats.
The Elusive Employment Effect of Minimum Wage
Abstract
It is hard to find a negative effect on the employment
effect of rises in the minimum wage: the elusive employment effect. It is much
easier to find an impact on wages. This paper argues the elusive employment
effect is unlikely to be solved by better data, methodology, or specification.
The reasons for the elusive employment effect are the factors contributing to
why the link between higher minimum wages and higher labor costs are weaker
than one might think and because imperfect competition is pervasive in the
labor market.
What Difference Does a Minimum Wage Make?
The Minimum Wage Debate: