The Unexpected Economics of Minimum Wages by Michael Reich - 9781035358878

The Unexpected Economics of Minimum WagesAuthor(s): Michael Reich\nFormat: Hardback\nPublisher: Edward Elgar Publishing Ltd, United Kingdom\nImprint: Edward Elgar Publishing Ltd\nISBN-13: 9781035358878, 978-1035358878\nSynopsis\nThis book presents a comprehensive analysis of the effects of minimum wages. Michael Reichs cutting-edge research findings challenge traditional approaches to the topic, exploring the effects of minimum wage policies across different sectors, groups and demographics.\n\nReich examines the effects of minimum wages on pay and employment among the two groups most affected by the policies - restaurant workers and teens - as well as investigating their impact on the lowest-wage areas of the US. He outlines how minimum wages influence parental labor supply, racial inequality, the health of low wage workers and government spending on food stamps and Medicaid. The book further reflects on the extension of pay standards to gig drivers, who are not typically covered by.