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An Issue in Economic Theory: "The Rate of Wages and the Use of Machinery"

โœ Scribed by Clyde Olin Fisher


Book ID
125631368
Publisher
American Economic Association
Year
1923
Tongue
English
Weight
103 KB
Volume
13
Category
Article
ISSN
0002-8282

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What should governments do with the level of the minimum wage (MW) in times of recession? In an economic downturn when most workers face falling real wages is it appropriate to let the MW fall or are the positive effects of the MW on inequality enough to justify its upratingand if so what might be t