Minimum Wage Policy in Great Britain and the United States

By Jerold Waltman | Go to book overview
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TABLE OF CONTENTS
ACKNOWLEDGEMENTSXI
INTRODUCTION1
CHAPTER 1. THE POLITICAL ECONOMY OF THE MINIMUM WAGE7
The Goals of Minimum Wage Policy8
Arguments For and Against a Minimum Wage9
Moral Arguments For a Minimum Wage9
Economic Arguments For a Minimum Wage12
Moral Arguments Against a Minimum Wage14
Economic Arguments Against a Minimum Wage14
The Economics of the Minimum Wage16
The Politics of the Minimum Wage20
Middle Class Leadership20
Public Opinion21
Interest Groups23
Political Parties28
Policy Making Arenas30
The Structure of a Minimum Wage32
Universal versus Sector Specific Minimum Wages32
The Level of the Wage33
Coverage34
Subminimums or a Tiered System35
Two Complexities36
Enforcement36
Conclusion36
CHAPTER 2. ORIGINS39
The Road to the Trade Boards Act 190940

-xiii-

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