Tagged: minimum wages

Minimums and medians - The Dismal Science

Eric Crampton Jun 27, 2015

It's a bit predictable. Whenever there's a hike in the NZ minimum wage, the unions point to Doucouliagos's metastudy that minimum wages in the US have had small (if any) employment effects and to Dube's work also showing little effect in the US. I point to that American minimum wages are less than 40% of the median wage and that … Read More

More on living wages and minimum wages - The Dismal Science

Eric Crampton Feb 25, 2014

Fairfax's Richard Meadows asked me a few questions about living wages and minimum wages. Some of them made it into his excellent story, here. I agree with everything Matt Nolan said there too.[Update: Nolan's extended comments are here. And I'm really pleased to see that Richard's linked the more extensive commentary from both of us.]Here are the bits of mine … Read More

Minimum Wages - The Dismal Science

Eric Crampton Feb 10, 2014

The NBR asked me about John Key's proposed hike to the Minimum Wage. So I told them:New Zealand’s minimum wage is among the world’s highest, when we consider it in relation to the median wage. American minimum wages vary state-to-state, but the federal minimum wage of $7.25 is about 40% of median hourly wages in the US; ratios in individual … Read More

Real minimum wages - The Dismal Science

Eric Crampton Feb 27, 2013

Despite inflation outcomes slightly below the lower-bound of RBNZ's inflation target, and despite high unemployment rates, New Zealand's increased the minimum wage by $0.25 to $13.75. It's mildly interesting to check the CPI-deflated series and one indexed to average wages. The blue and red lines track the nominal and CPI-adjusted minimum wages on the left hand … Read More

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