Are there benefits to establishing and enforcing a global minimum wage?
The United States Department of Labor stipulates the federal minimum wage and regulates “compliance with labor standards.” Since 1990 economists have debated the benefits and disadvantages of federal minimum wage laws, some of the most heated debate rising from David Card and Alan Krueger’s landmark research on employment and minimum wage standards.…
Article comments
276 - Jason J. Campbell
Maurice,
You may be surprised that I'd agree with you, especially after publishing an article like this. I'm not a conspiracy theorist, though it makes for interesting reading. I do, however, have a fairly good understanding of globalization and at times the 2 overlap. One world currency, government etc...doesn't interest me at all. I specialize in evil, oppression, subjugation etc...Whenever possible I just want to call attention to making an unfair system as fair as possible. The fact is that neoliberalism and outsourcing is a necessary feature of free market economics, the market will seek out the lowest wages possible. That's just a fact of market conditions, there's no conspiracy in it at all. Since this is a fact, all I'm arguing for is to make it fairer for those most likely to be exploited. If that's conspiracy, then maybe I am. But I actually agree with you. My intention is to offer alternatives to manipulations within the system. Usually, contemporary theorists wanna bash globalization. While I agree there are potential problems, like the one world gov/currency I'm an academic and conspiracy theories have no place in rigorous analysis. I'm more concerned with articulating theories that may actually benefit people's lives, that _anticipate_ the logical conclusions of our current economic/social/cultural systems. That's all.
277 - marc
Have a global minimum wage is not possible without first having Global labor standards.