Vol. 1 No. 9-10 (2017): Journal of Leadership and Management
Articles

The Effect of the Minimum Wage on Unskilled Labor

Valentin Riebesell
College of Business, Loyola University New Orleans, USA
Robert Lalani
College of Business, Loyola University New Orleans, USA
Walter E. Block
Walter E. Block, Ph.D. Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics, College of Business, Loyola University New Orleans, 6363 St. Charles Avenue, Box 15, Miller Hall 318, New Orleans, LA 70118, USA email: wblock@loyno.edu
Published December 29, 2017
How to Cite
Riebesell, V., Lalani, R., & Block, W. E. (2017). The Effect of the Minimum Wage on Unskilled Labor. Journal of Leadership and Management, 1(9-10). Retrieved from http://leadership.net.pl/JLM/article/view/112

Abstract

The efect of the minimum wage on unskilled labor is not a very good one. To the contrary, it creates unemployment, and eventually excludes them almost entirely from the labor market. is is a tragedy, in that this cohort can least a ord the ravages of unemployment. is is not the rst article ever written about the aws in the minimum wage law. However, we do cast aspersions on it that are anything but widespread in the literature.

Keywords: minimum wage law, unemployment, economic regulation, rights violation