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• W2146364054 abstract "This article examines economic theories of the low-wage labor market to increase understanding of economic inequality and poverty in the United States, particularly related to the labor market. On the one hand, neoclassical, labor monopsony, and Harris-Todaro models explain how minimum wage policies are related to supply and demand of labor, human capital, employment, and unemployment. On the other hand, the efficiency wage model, the dual labor market theory, and technology development and globalization account for the causes of the wage differentials. This article includes a conceptual map that illustrates the interrelationships between these economic theories of low-wage work." @default.
• W2146364054 created "2016-06-24" @default.
• W2146364054 creator A5089597587 @default.
• W2146364054 date "2013-11-22" @default.
• W2146364054 modified "2023-10-17" @default.
• W2146364054 title "Economic Theories of Low-Wage Work" @default.
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• W2146364054 doi "https://doi.org/10.1080/10911359.2014.844615" @default.
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