01288nam a22001577a 4500999001900000008004100019100004400060245005900104260003500163300003300198520072500231773003500956906002400991942000701015952010801022  c525264d525264240220b           ||||| |||| 00| 0 eng d  aSmythe, Andria and  Hsu, Linchi 949995  aThe minimum wage as a tool for racial economic justice  aJournal of Economic Literature  a61(3), Sep, 2023: p. 977-987  aParticipants 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
  aJournal of Economic Literature  aRACE DISCRIMINATION  cAR  00102ddc40709400321aIIPAbIIPAd2024-02-20h61(3), Sep, 2023: p. 977-987pAR131072r2024-02-20yAR