A perverse implication of minimum wage laws is their effect on volunteer work. Suppose politicians set a minimum wage at $10 per hour. Employers are now forbidden from offering a wage below $10 and employees are forbidden from accepting such wages. (Side note: See Adkins v. Children’s Hospital for the Supreme Court’s 1923 decision that […]
Should We Also Ban Volunteering? Read More »
Following up on “European country data on the minimum wage,” here are the data for eighteen Western European countries in table form. Or here is the Excel spreadsheet. Sources: “List of sovereign states in Europe by minimum wage,” Wikipedia. “List of countries by unemployment rate,” Wikipedia. Both viewed 9 December 2013. Related: My video-lecture on
Table: Unemployment and Minimum Wages in Europe, 2013 Read More »
At The Money Illusion blog: “Regarding the minimum wage, here is some data for Western Europe: “There are nine countries with a minimum wage (Belgium, Netherlands, Britain, Ireland, France, Spain, Portugal, Greece, Luxembourg). Their unemployment rates range from 5.9% in Luxembourg to 27.6% in Greece. The median country is France with 11.1% unemployment. “There are
European country data on the minimum wage Read More »