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American Economists and Minimum Wage Legislation During the Progressive Era: 1912–1923

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  • Prasch, Robert E.

Abstract

Several recent studies, such as that by David Card and Alan Krueger (1995), have led the economics profession to reconsider the theoretical and empirical arguments for and against minimum wage legislation. Most noteworthy was the fact that two respected members of the mainstream economics profession claimed to have found that an increased minimum wage did not lead to increases in unemployment. Moreover, their result was derived from the market for unskilled labor.

Suggested Citation

  • Prasch, Robert E., 1998. "American Economists and Minimum Wage Legislation During the Progressive Era: 1912–1923," Journal of the History of Economic Thought, Cambridge University Press, vol. 20(2), pages 161-175, June.
    • Handle: RePEc:cup:jhisec:v:20:y:1998:i:02:p:161-175_00
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    Cited by:

    1. Bruce E. Kaufman, 2009. "Promoting Labour Market Efficiency and Fairness through a Legal Minimum Wage: The Webbs and the Social Cost of Labour," British Journal of Industrial Relations, London School of Economics, vol. 47(2), pages 306-326, June.
    2. Oren M. Levin-Waldman, 1998. "The Minimum Wage in Historical Perspective: Progressive Reformers and the Constitutional Jurisprudence of 'Liberty of Contract," Economics Working Paper Archive wp_256, Levy Economics Institute.
    3. Bruce E. Kaufman, 2010. "Institutional Economics and the Minimum Wage: Broadening the Theoretical and Policy Debate," ILR Review, Cornell University, ILR School, vol. 63(3), pages 427-453, April.
    4. Ellen Mutari, 2004. "Brothers and Breadwinners: Legislating Living Wages in the Fair Labor Standards Act of 1938," Review of Social Economy, Taylor & Francis Journals, vol. 62(2), pages 129-148.
    5. Oren M. Levin-Waldman, 1999. "The Rhetorical Evolution of the Minimum Wage," Economics Working Paper Archive wp_280, Levy Economics Institute.
    6. Michael Reich, 2015. "The Ups and Downs of Minimum Wage Policy: The Fair Labor Standards Act in Historical Perspective," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 54(4), pages 538-546, October.
    7. Oren M. Levin-Waldman, "undated". "Automatic Adjustment of the Minimum Wage, Linking the Minimum Wage to Productivity," Economics Public Policy Brief Archive ppb_42, Levy Economics Institute.
    8. Thomas C. Leonard, 2005. "Protecting Family and Race," American Journal of Economics and Sociology, Wiley Blackwell, vol. 64(3), pages 757-791, July.

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