ON TODAY’S PAGE: Ask the 40%
By DENIS DREW

eHezi Business, Community, Finance, Governance, History, Law, National, People, Politics Leave a Comment

CHICAGO, IL — January 26, 2019 — Democrats cannot “guarantee” (tens of?) millions of $15/hr jobs anymore than Republicans can tax-cut their way to massive “job creating.”  The flaw in both schemes is that an economy is like a living organism and utilizes pretty much all available resources at something all the time (when not in recession). You can’t just …

eHeziON TODAY’S PAGE: Ask the 40%
By DENIS DREW

PUBLIC POLICY: A Strategic Political Argument for the Minimum Wage By Prof. OREN M. LEVIN-WALDMAN

eHezi Governance Leave a Comment

The minimum wage has long been thought of as an issue that only affects the low-wage labor market, i.e. the working poor. Broader construction of the minimum wage population, however, shows that not to be the case. When the minimum wage labor market is defined as the effective minimum wage population — those who earn around the minimum rather than …

eHeziPUBLIC POLICY: A Strategic Political Argument for the Minimum Wage By Prof. OREN M. LEVIN-WALDMAN

PUBLIC POLICY: What are the Sources of Wage Inequality? By Dr. OREN LEVIN-WALDMAN

eHezi Governance Leave a Comment

The conventional explanation for growing wage inequality is often referred to as the skills-biased towards technical change theory. This holds that with globalization and increased capital mobility, the economy has changed from industrial production to a post-industrial service based economy. The former did not need a greatly skilled workforce, but the latter, being technologically more advanced, did require much greater skill. …

eHeziPUBLIC POLICY: What are the Sources of Wage Inequality? By Dr. OREN LEVIN-WALDMAN

PUBLIC POLICY: The Low-Wage Labor Market and the Failure of Management By Prof. OREN LEVIN-WALDMAN

eHezi Governance Leave a Comment

A common criticism of increasing the minimum wage is that minimum wage workers simply aren’t worth more than they are receiving. They simply lack the skills required to command higher wages. Or if it isn’t a matter of skill, it is a question of quality. Low-wage workers, in other words, are simply poor quality workers. Therefore, it is incumbent upon …

eHeziPUBLIC POLICY: The Low-Wage Labor Market and the Failure of Management By Prof. OREN LEVIN-WALDMAN

PUBLIC POLICY: Minimum Wage is Really an Efficiency Wage By Prof. OREN LEVIN-WALDMAN

eHezi Economic Development Leave a Comment

Market “purists” are steadfast in their belief that increasing the minimum wage will lead to lower employment. The standard textbook model holds that as workers lower their wage demands, employers will demand more of their services. A wage floor only prevents workers from accepting lower wages in exchange for opportunities to work. Therefore, fewer workers will be hired, with the …

eHeziPUBLIC POLICY: Minimum Wage is Really an Efficiency Wage By Prof. OREN LEVIN-WALDMAN