MONOPSONY AND MINIMUM WAGES: EVIDENCE FROM THE TOBACCO LEAF-PROCESSING INDUSTRY
This paper uses evidence compiled by the Bureau of Labor Statistics and the Tobacco Industry Committee to examine the impact of the initial implementation of the Fair Labor Standards Act. It is shown that the minimum wage was heavily binding, but employment in a BLS sample of Virginia and North Caro...
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| Format: | Article |
| Language: | English |
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Economic & Business History Society
2002-06-01
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| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/102 |