Tuesday, September 15, 2009

Minimum wage

Does rising the minimum wage cause unemployment?
Most studies find that this is indeed the case.

The higher the minimum wage, the flatter the wage structure (ie the wages progress less, and remain overall closer to the minimum wage)?
I would be tempted to think yes, but I could not find any research paper to back my intuition.

"La France, une nation de smicards?" Definitely.