Download ~ Pigou on the Minimum Wage: An Institutional Inquiry Into the Labour Market (A.C. Pigou) (Essay) # by History of Economics Review ~ Book PDF Kindle ePub Free
eBook details
- Title: Pigou on the Minimum Wage: An Institutional Inquiry Into the Labour Market (A.C. Pigou) (Essay)
- Author : History of Economics Review
- Release Date : January 01, 2009
- Genre: Economics,Books,Business & Personal Finance,
- Pages : * pages
- Size : 283 KB
Description
Abstract: In this paper I examine A.C. Pigou's views on the institutional and theoretical aspects of the minimum wage. Pigou acknowledged the need for a minimum wage to redress exceptionally low wages, but this was subject to two provisos: first, when determining the minimum wage, one should not aim for a wage that meets some standard of living; and, second, as the prevailing British trades system of the day provided for differential wage rates for different trades, the coverage of minimum wage must be limited to low-paid workers. Pigou distinguished three types of employees according to their bargaining power and strongly advocated protection for the weakest workers through a minimum wage. 1 Introduction
 (Essay) # by History of Economics Review ~ Book PDF Kindle ePub Free){kind=link}