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Tuesday, September 26, 2006

Econoblog: Citywide Minimum-Wage Rules

A Wall Street Journal Econoblog (free) on living wage laws:

Econoblog: Citywide Minimum-Wage Rules: Living Wages or Killing Jobs?: ...Chicago Mayor Richard M. Daley used the first veto of his 17-year tenure to reject an ordinance aimed at forcing big retailers to pay wages of $10 an hour and health benefits equivalent to $3 an hour by 2010. ... Some cities such as Santa Fe, San Francisco and Washington, D.C., have such "living wage" laws, which opponents argue keep some retailers out of town and boost unemployment among low-wage workers. Supporters counter that such measures can help ensure adequate wages for workers. The Online Journal asked economists Richard Epstein ... of the University of Chicago ... and Michael Reich ... at the University of California at Berkeley to discuss their different views on local minimum wage rules.

    Posted by on Tuesday, September 26, 2006 at 12:32 AM in Economics, Policy, Unemployment | Permalink  TrackBack (0)  Comments (0)

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