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The Political Economy of a Living Wage

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  • Donald Stabile

    (St. Mary’s College of Maryland)

Abstract

In this book, I will tell the story behind Franklin D. Roosevelt’s interest in a living wage. This chapter first examines the issues a living wage raise for interpretations of the economic policies of the New Deal. It then reviews the history of political economy to show how economic thinkers supported the concept of a subsistence wage as a living wage, followed by a study of the writings of John Augustine Ryan as an overview of the arguments in favor of a living wage and the programs that a government could use to bring it about. In comparison, it will present the elements of Roosevelt’s programs for a living wage. The chapter finds a definition of social justice as ensuring that everyone shares economic prosperity.
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Suggested Citation

  • Donald Stabile, 2016. "The Political Economy of a Living Wage," Palgrave Studies in American Economic History, Palgrave Macmillan, number 978-3-319-32473-9, March.
    • Handle: RePEc:pal:psiaeh:978-3-319-32473-9
    DOI: 10.1007/978-3-319-32473-9
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    Cited by:

    1. Thorsten Schulten & Torsten Müller, 2019. "What’s in a name? From minimum wages to living wages in Europe," Transfer: European Review of Labour and Research, , vol. 25(3), pages 267-284, August.
    2. Bruce E. Kaufman, 2018. "How Capitalism Endogenously Creates Rising Income Inequality and Economic Crisis: The Macro Political Economy Model of Early Industrial Relations," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 57(1), pages 131-173, January.
    3. Brian Fabo & Sharon Sarah Belli, 2017. "(Un)beliveable wages? An analysis of minimum wage policies in Europe from a living wage perspective," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 6(1), pages 1-11, December.
    4. Bernard C. Beaudreau, 2019. "How Roosevelt Transformed the National Industrial Recovery Act," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 25(4), pages 375-388, November.

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