Titlebook: Restoring the Middle Class through Wage Policy; Arguments for a Mini Oren M. Levin-Waldman Book 2018 The Editor(s) (if applicable) and The

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Minimum Wage and Income Distribution,ulation Survey, however, shows that the minimum wage’s welfare effects potentially mitigate the need for redistribution because the distance between the median voter’s income and the average of society is effectively narrowed.

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The Minimum Wage and Job Creation,that forms a foundation for job creation could reduce reliance on the welfare state and foster greater self-sufficiency. In this regard, the minimum wage may also be the most conservative approach to assisting the middle class.

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Introduction,r low-wage sector. By focusing on only a small segment of the labor force, the minimum wage has been relegated to a debate revolving around youth disemployment effects versus anti-poverty benefits. A policy that is seen as another anti-poverty measure cannot elicit broad political support the way a

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Unsettled Findings, are many studies to support the standard model, at least when it comes to the teen labor market, there are also many studies that show these predictions to be less accurate when it comes to adults. Far from settled, the wealth of studies suggests that the data on the minimum wage is ambiguous at be

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The Minimum Wage and Job Creation,dard models for job creation typically used have been fiscal policy, whether through tax cuts and/or fiscal stimulus packages, and monetary policy. These approaches alone aren’t enough; rather wage policy in the form of a minimum wage also needs to be a critical component in the mix. A minimum wage

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Minimum Wage and Income Distribution,lenge some of the fundamental assumptions of the median voter theorem. Based on Anthony Downs’ (1957) model of political competition, the median voter theorem holds that as income distributions are skewed to the right, the preferred amount of redistribution is a function of the relative position of

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Other Theoretical Frameworks, wage. Another approach is to ask whether the minimum wage constitutes a serious civil rights issue because to pay workers low wages may be tantamount to stealing. On a more philosophical level, is there not a conservative argument to make in favor of the minimum wage because better-paid workers wou

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Minimum Wage and Greater Democracy,capabilities. As autonomy is prerequisite for democracy, a minimum wage that reduces inequality and contributes to economic development by serving as a foundation for job creation also makes for greater democracy. But a minimum wage which increases on a regular basis may also lead to greater democra