The Minimum Wage as a Tool for Racial Economic Justice

IF 11.5 1区经济学 Q1 ECONOMICS

Journal of Economic Literature Pub Date : 2023-09-01 DOI:10.1257/jel.20221709

Andria Smythe, Linchi Hsu

引用次数: 0

Abstract

Participants at the 1963 civil rights march on Washington supported minimum wage laws using arguments of economic justice. Many economists at the time argued against the minimum wage based on efficiency concerns rooted in neoclassical theory. After decades of debate, where does the economics profession stand on the justice and efficiency claims of the minimum wage? We discuss the evolution of the minimum wage literature in economics, focusing on racial justice. We highlight recent empirical papers that overwhelmingly support the position of the marchers on Washington while at the same time showing little to no loss of economic efficiency. (JEL D63, J15, J22, J31, J38, K31)

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最低工资作为种族经济公正的工具

1963年华盛顿民权游行的参与者利用经济正义的论点支持最低工资法。当时许多经济学家基于新古典主义理论中对效率的担忧而反对最低工资。经过几十年的争论，经济学界对最低工资的公正性和效率主张的立场是什么？我们讨论了经济学中最低工资文献的演变，重点是种族正义。我们强调了最近的实证文件，这些文件压倒性地支持游行者对华盛顿的立场，同时显示出经济效率几乎没有损失。（JEL D63，J15，J22，J31，J38，K31）

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Literature ECONOMICS-

CiteScore

17.80

自引率

0.80%

发文量

期刊介绍： Commencing in 1969, the Journal of Economic Literature (JEL) serves as a vital resource for economists, offering a means to stay informed about the extensive literature in the field. Each JEL issue features commissioned, peer-reviewed survey and review articles, book reviews, an annotated bibliography categorizing new books by subject, and an annual index of dissertations from North American universities.