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Different Wage Theories

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... Minimum Wage The minimum wage as part of the Fair Labor Standards Act was passed in the year 1938. The first minimum wage was .25 per graduate wages as the alternative wage may systematically overstate the opportunity wages of teachers in other jobs. wage remains fixed because this is solely based on the dollar amount of the wage. The real wage, on the other hand, q1. The decrease in employment due to wage increase is q1q2 Minimum wage is the lowest wage that employers are allowed to pay employees by law. Minimum wage laws will cause | | jobs comes from "efficiency wage theory." This theory posits that | ...



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Sources list for DIFFERENT WAGE THEORIES:

Solow, R., Another Possible Source of Wage Stickiness, Journal of Macroeconomic 1 (Winter 1979): 79-82. See Andrew Weiss, Efficiency Wages: Models of Unemployment, Layoffs and Wage dispersion, Princeton, NJ: Princeton University Press, 1990.
The Efficiency Wage

Relave, Nanette. "Minimum Wage Legislation and Living Wage Campaigns." Information for Decision Making: The Finance Project. Jan, 2004. The Finance Project. 6 March, 2004. < http://www.financeprojectinfo.org/mww/minimum.asp>
Minimum Wage

Jackson, A. "Low Wage Jobs and High Wage Jobs", Economy, Spring, 14(1), 2003.
Child Poverty

"Wage: We Advocate Gender Equity" Retrieved from http://www.wage.org/ Accessed on 26 February, 2005
Pay Equity

The wage gap. Source: http://www.pacificresearch.org/pub/ sab/health/ceiling/0499ceiling.html The wage gap. Source: http://www.pacificresearch.org/pub/ sab/health/ceiling/0499ceiling.html Source: http://www.uwm.edu/People/afw/ Source: http://www.womensmedia.com/new/L ips-Hilary-gender-wage-gap.shtml The wage gap. Source: http://www.pacificresearch.org/pub/ sab/health/ceiling/0499ceiling.html Source: http://www.uwm.edu/People/afw/ Source: http://www.womensmedia.com/new/L ips-Hilary-gender-wage-gap.shtml Source: http://www.epf.org/pubs/images/ff4-6-2.gif
The Glass Ceiling

 


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