01171nam a22001457a 4500 525264 525264 240220b ||||| |||| 00| 0 eng d Smythe, Andria and Hsu, Linchi 49995 The minimum wage as a tool for racial economic justice Journal of Economic Literature 61(3), Sep, 2023: p. 977-987 Participants at the 1963 civil rights march on Washington supported minimum wage laws using arguments of economic justice. Many economists at the time argued against the minimum wage based on efficiency concerns rooted in neoclassical theory. After decades of debate, where does the economics profession stand on the justice and efficiency claims of the minimum wage? We discuss the evolution of the minimum wage literature in economics, focusing on racial justice. We highlight recent empirical papers that overwhelmingly support the position of the marchers on Washington while at the same time showing little to no loss of economic efficiency. – Reproduced https://www.aeaweb.org/articles?id=10.1257/jel.20221709 Journal of Economic Literature RACE DISCRIMINATION AR 0 0 ddc 0 0 400321 IIPA IIPA 2024-02-20 61(3), Sep, 2023: p. 977-987 AR131072 2024-02-20 AR