Tag: labor-economics
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The History of Minimum Wage Laws
Minimum wage laws have existed for over 130 years. The economic arguments for and against them have changed far less than the evidence warrants. A history of policy, ideology, and labor market reality.
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The Economics of Migration Through History
The Irish famine emigration, the great European wave of 1880 to 1920, the postcolonial migrations of the mid-20th century — all are expressions of the same economic mechanism: workers moving from lower-wage to higher-wage labor markets when the barriers to movement fall low enough.