Date: Sun, 3 Mar 1996 22:39:54 -0400 From: dhenwood-AT-panix.com (Doug Henwood) Subject: Re: Labor Party,USA -- A question At 8:13 PM 3/3/96, Brian Carnell wrote: >The only thing minimum wages do is increase unemployment for non-union and, >to a lesser degree, members of unions. Can you please explain how >unemployment benefits non-union workers??? The evidence for this ranges from flimsy to nonexistent. Even proponents argue that a 10% increase in the minimum wage results in a 3% job loss for minimum wage workers, meaning that 97% of m.w. workers are better off with such an increase. David Card of Princeton has done compelling work arguing that m.w. increases have *no* effect on employment. Of course, his studies have been questioned by economists in the pay of the fast food industry. Doug -- Doug Henwood Left Business Observer 250 W 85 St New York NY 10024-3217 USA +1-212-874-4020 voice +1-212-874-3137 fax email: <dhenwood-AT-panix.com> web: <http://www.panix.com/~dhenwood/LBO_home.html> --- from list marxism-AT-lists.village.virginia.edu --- ------------------
Display software: ArchTracker © Malgosia Askanas, 2000-2005