Slaughter, Assistant Professor of Economics ... unemployment for less-skilled workers. What explains the differences in outcomes for wages and employment across countries is differences in labor ...

IN 1984, economics ... wages motivate workers to be more effective or efficient at their jobs. The aggregate consequence of employers doing the right thing is that there will always be some ...

Additionally, some economists argue if minimum wage increased with U.S. productivity over the years, it would be set currently at $26 per hour today and poverty rates would be close to non-existent ...