Minimum Wages: Measures and Industry Effects by John M. Peterson deals with the adverse effects of minimum wages on employment by industry. By means of an improved measure, the author shows greater adverse effects than have been indicated by previous studies. According to this study, the conventional measure of the minimum wage is distorted by a feedback of effects and leads to underestimation of elasticity, the economist's measure of disemployment...
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Business Business & Investing Economics Political Science Politics & Social Sciences