Pro Minimum Wage Increase: Difference between revisions
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='''Minimum Wage Today'''= | ='''Minimum Wage Today'''= | ||
* ''Realities of the Current Minimum Wage'' | |||
** The current federal minimum wage rate is $5.15 and hour. | |||
** This minimum wage is 31% of the current [[average wage]] in the United States, which is its lowest relative value since World War II. | |||
** The [[real value]] of the minimum wage is at its lowest value since 1955. | |||
* ''Proposed Minimum Wage Increase'' | |||
** The proposal is to increase the minimum wage from its current level of $5.15 to $7.25 by the year 2008. | |||
** While this increase is significant, it seeks only to increase the real value of the minimum wage to its historic level. | |||
* ''People Affected by the Proposed Increase'' | |||
** The proposed minimum wage increase would raise the hourly wages of 14.9 million workers (6.6 would be directly affected, 8.3 would be affected by spillover effects). | |||
*** '''Spillover effects''': workers earning at or above the proposed new minimum wage will see their wages increase as well as firms seek to preserve internal wage hierarchies. | |||
** The 14.9 million workers affected by the increase represent 11% of the work force. | |||
** 80% of the people who stand to benefit from the proposed minimum wage increase are age 20 or older (they are not simply teenagers and part-time workers, as is the common misconception). | |||
** Minimum wage workers are important contributors to their family's total income (a minimum wage worker accounts for an average of 54% of their family's income). | |||
** The workers who will benefit most from the increase are single parents, women, minorities, working households at the bottom of the income scale, and families with children. | |||
* ''Arguments for Minimum Wage'' | |||
** Best recent research on minimum wage increases shows positive effects on wages with without negative effect on employment. | |||
** The higher costs associated with a minimum wage are offset by increases in productivity, lower recruiting and training costs, decreased absenteeism, and increased worker morale. | |||
** Negative employment effects associated with minimum wage increases are overstated. | |||
* ''Minimum Wage in the Past'' | |||
** 1970's and 80's - The competitive model of labor shows that any binding increase in the minimum wage will inevitably lead to significant lay-offs (higher unemployment). | |||
*** Problems with the competitive model of labor - It is oversimplified; assumes that all employers and job seekers have perfect information, and that hiring, job loss, and unemployment are without cost. Furthermore, the competitive model of labor is based largely on time series studies, which have difficulty controling for external factors in the economy when studying the minimum wage. | |||
** In the 1990's, several famous studies are conducted that challenge the competitive model of labor. | |||
*** 1992 - Princeton's David Card studies the 1990 minimum wage increase; concludes that there have been positive effects on wages, but no significant effects on employment. | |||
*** 1992 - Card and Krueger study effect of a minimum wage increase on fast food restaurants in New Jersey. | |||
**** This controversial study showed that a minimum wage increase had no negative effects on employment, and ushered in the "new economics of the minimum wage". | |||
*** 1996-97 - Minimum wage is raised; studies show no evidence of significant job loss. | |||
='''Recent Debates on Minimum Wage'''= | ='''Recent Debates on Minimum Wage'''= | ||
'''Min Wage: General Perception''' | |||
='''The Counter | Introductory textbooks in economics introduce the minimum wage as an application of supply and demand analysis. This initial presentation usually relies on the following assumptions: | ||
*Minimum wage is universal (covers all workers) | |||
*Labor market is perfectly competitive | |||
*Productivity is unaffected by wage rate | |||
The effect of minimum wage under these conditions is quite straightforward: when introducing minimum wage, unemployment in labor markets, in which the equilibrium wage rate is below the minimum wage, increases. | |||
<p align="center">[[Image:Min1.gif|thumb|Description]] </p> | |||
On the diagram above, the equilibrium level of employment before the introduction of minimum wage would be L* and the wage level would be w*. When wmin is enforced, employment falls to LD. The Quantity of labor supplied exceeds the quantity of labor demanded and that is why we observe involuntary unemployment between points LD and LS. | |||
'''Min Wage: Modern Theories''' | |||
While opponents to the minimum wage generally rely on the above analysis to point out the disadvantages of such legislation, a new generation of economists, like David Card, Alan B. Krueger, Lawrence Katz, and others, suggests that small to moderate increases in the minimum wage will have no negative effects on employment. On the contrary – it is possible that a little raise in the wage can increase the level of employed people. There are several theoretical models that support that statement. | |||
The most common one is the monopsony model. In a monopsony labor market, there is only one employer, who faces an upward sloping supply curve. The cost of hiring an extra worker (the marginal cost) is higher than the wage rate, thus a monopsony company will hire fewer workers than would be hired in a competitive market. | |||
<p align="center">[[Image:Min2.gif|thumb|Description]] </p> | |||
The point of maximization occurs where the marginal revenue (MR) equals the marginal cost (MC) associated with the hiring of an extra worker. In this case, the optimal level of employment is at Lm. The wage that these workers are going to receive is wm. | |||
With the introduction of a minimum wage, the supply curve in the market becomes immediately horizontal and equal to the minimum wage and the marginal cost curves up to the point of intersection of the minimum wage and the supply curves. | |||
<p align="center">[[Image:Min3.gif|thumb|Description]] </p> | |||
In this case, the new level of employment rises to Lmin (since the point of profit maximization is still where MR=MC). Employment will only fall if the minimum wage is set above point w`. | |||
<p align="center">* * *</p> | |||
The greatest study in the recent years to support this theory has been carried out by the two economists David Card and Alan Krueger. Their report came out in 1994 and is based on a research observing the raising of the minimum wage in New Jersey. It is basically a comparison between the employment levels before and after the introduction of the minimum wage in the state and using the employment data from neighboring Pennsylvania (where no such wage increase was issued) as a base for this juxtaposition. | |||
Standard theory would predict that New Jersey’s 19% increase would take away jobs. The study actually suggested that in some circumstances, raising the wage floor might open new job spots. It is very possible that in a labor market, wage levels can influence how hard people work and what their turnover is. The higher productivity can offset the increased production costs and employers might be able to maintain higher personnel. The conclusions of Card and Krueger shocked the minimum wage opposition because to the already known benefits of the program (increasing incomes of the poor, boosting the wage, stimulating demand, rewarding work, etc.), they have added a new, completely unsuspected one – job creation. | |||
The research of Card and Krueger was so carefully conducted and stated its results with such certainty and confidence, that it immediately drew the attention to itself. The prominent reputation of both economists contributed even more to the impression that their study made. They surveyed 79 fast food restaurants in eastern Pennsylvania and 331 in New Jersey just before the 1992 increase took effect. Eight months after the legislation had been passed, they re-interviewed the same restaurants. The astounding results were that employment in New Jersey grew more than in Pennsylvania (the difference was not statistically significant, though). | |||
This research triggered a vicious counterattack by the conservative opponents of the minimum wage. In early 1995 Richard Berman, executive director of the Employment Policies Institute and a lobbyist for restaurant companies, unveiled a counter-study. In an article on the editorial page of the Wall Street Journal, he claimed he possessed evidence from the payroll records of 71 fast food restaurants in NJ and PA that directly contradicted Card-Krueger’s data. Citing well-known economists from different universities, he stated that employment in New Jersey fell as a result of the raise in the minimum wage, and questioned the competency of Krueger and Card. | |||
As time was advancing, the debate was drawing more and more people and was becoming more and more heated. After many vigorous discussions, however, the first flaws in the research of Berman began to appear. His methods and data seemed not as reliable as Card and Krueger’s. For example, his sample of restaurants is much smaller and while Card and Krueger have disclosed all their methods of evaluating the restaurants, Berman to his day has not revealed how the Employment Policies Institute assembled its own sample. This makes the public suspicious how accurate and random his sampling is. Also, much of the Wall Street piece seems to be polemic. Even Berman’s statement about the unreliability of telephone surveys and juxtaposing them to payroll data is controversial. What if employers pay workers “under the table”? | |||
David Neumark and William Wascher, the economists on whom Berman and his fast food partners relied, were becoming uneasy. A careful reading on their payroll data analysis shows that it actually is not much different than the one of Krueger and Card. Job losses were only weakly significant by standard statistical criteria. Neumark and Wascher expressed their concerns that the data of the Employment Policies Institute might be inaccurate and set out to conduct their own research. They expanded the EPI sample and after a while were able to prove that there was no statistical difference in employment in the two states. Their position was greatly undermined by the difference in the two samples. It became clear that the samples were either not random or not from the same population. In both cases, the position of Richard Berman and his army of economists would be wrong. | |||
Even the critics had to agree that the conclusions of Card and Krueger can be plausible. On the most recent American Economics Association annual conference, it was calculated that if the minimum wage rose by 20%, 94 out of 100 workers would get a 20% pay increase, while 6 out of 100 would lose their jobs. The 6 people looking for new jobs would have to wait a little bit longer, but once they find a job, it will pay more and on an annual-income basis, minimum wage workers would still come out 14% ahead. | |||
='''The Counter Argument'''= | |||
We have offered thus far substantial evidence as to why increasing the minimum wage is an appropriate move. However, opponents of a minimum wage increase use several key arguments to portray a higher wage floor as an ill-advised move. | We have offered thus far substantial evidence as to why increasing the minimum wage is an appropriate move. However, opponents of a minimum wage increase use several key arguments to portray a higher wage floor as an ill-advised move. | ||
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*''An increase in the minimum wage would adversely affect employment: some employees would lose their jobs.'' | *''An increase in the minimum wage would adversely affect employment: some employees would lose their jobs.'' | ||
The [[Classical Model]] shows us that this should be true. When the wage floor is raised it causes employment to fall back to meet it along the demand curve. The classical model demonstrates the rise in unemployment that is theoretically created by raising the minimum wage. However, “A 1998 EPI ( | The [[Classical Model]] shows us that this should be true. When the wage floor is raised it causes employment to fall back to meet it along the demand curve. The classical model demonstrates the rise in unemployment that is theoretically created by raising the minimum wage. However, “A 1998 EPI (Eonomic Policy Institute) study failed to find any systematic, significant job loss associated with the 1996-97 minimum wage increase.” The findings go on to say that there was not only no significant job loss, but the low-wage labor market saw a period of “lower unemployment rates, increased hourly wages, increased family income, [and] decreased poverty rates.” (EPI quick facts) Research done on the 1990 and 91 wage increases showed that there was similarly no adverse employment affect associated with the wage increase. New economic theory suggests that employers may be able to absorb much of the negative effects of a minimum wage increase through “higher productivity, lower recruiting and training costs, decreased absenteeism, and increased worker morale.” (EPI quick facts) These findings, coupled with a model that explains how this is possible, overshadows the claim that an increase in minimum wage hurts employment; a higher wage floor in fact seems to contribute to a stronger economic state. | ||
*''The Minimum wage does not really help anybody in need, just teenage workers living at home and third-income earners in a family.'' | *''The Minimum wage does not really help anybody in need, just teenage workers living at home and third-income earners in a family.'' | ||
Opponents of the minimum wage cite research that shows that the main beneficiaries of a minimum wage hike are teenagers working while living at home, third income earners in families, and individuals living alone. However, raising the minimum wage would directly affect millions of workers hourly wage. 5% of the workforce, or 6.6 million workers, presently make less than the proposed federal minimum of $7.25, and would receive a pay boost. | Opponents of the minimum wage cite research that shows that the main beneficiaries of a minimum wage hike are teenagers working while living at home, third income earners in families, and individuals living alone. However, raising the minimum wage would directly affect millions of workers' hourly wage. 5% of the workforce, or 6.6 million workers, presently make less than the proposed federal minimum of $7.25, and would receive a pay boost. A substantial amount of the workers above them, up to 6% or 8.3 million workers, would also be likely to receive a pay raise due to the [[Spillover Effect]]. | ||
The increase in the minimum wage would go to many families in need. An analysis of the 1996-97 increases that, on average, more than half of minimum wage workers provide the primary income source for their family. “An estimated 1,395,000 single parents with children under 18 would benefit from a minimum wage increase.” (EPI facts) The higher minimum wage would also benefit disadvantaged workers. 59% of workers receiving the higher wage would be | The increase in the minimum wage would go to many families in need. An analysis of the 1996-97 increases shows that, on average, more than half of minimum wage workers provide the primary income source for their family. “An estimated 1,395,000 single parents with children under 18 would benefit from a minimum wage increase.” (EPI facts) The higher minimum wage would also benefit disadvantaged workers. 59% of workers receiving the higher wage would be women, representing 14% of working women. The higher minimum wage would also help boost up the disproportionate share of minorities that would be affected by this wage hike, relative to the total workforce. The higher wage would also help raise entire areas income levels, such as in some Southern and Mid-Western states where nearly 20% of the workforce could receive a wage boost. All of this serves to illustrate that the minimum wage does not simply help teenagers with their first job or a third income earner in a household; the higher minimum wage serves to help families and single parents as well as women and minorities to gain a boost in pay. | ||
*''Most hourly employees, over 90%, already make hourly wages higher than the new proposed minimum wage of $7.25.'' | |||
While it is true that the majority of workers do not make the hourly minimum, and only slightly more make less than the proposed minimum, the concern is with the 10% (of the nearly 150 million workers in the US workforce) that would be directly affected by a higher minimum wage. The real concern involves the buying power of the minimum wage compared to how high it was in the past coupled with the increasing inflation rate. The real wage associated with the federal minimum has been declining steadily since the wage hike in 1997. It is 20% lower now than in 1997. Moreover, the wage inequality is worse than it has been since nearly the inception of a minimum wage; “the minimum wage is 31% of the average hourly wage of American workers." Inflation also adversely affects the real value of the minimum wage. Not only has the last minimum wage hike been completely negated by inflation, the actual equivalent wage is lower than it was in 1995 before the raise. An increase in minimum is not meant to boost up all of the workers in the economy, or even a strong majority: it is aimed to help those at the bottom end who would receive direct benefits from higher wages. | |||
*''The minimum wage is, in the end, simply not an effective tool to combat poverty.'' | |||
Many critics of the minimum wage employ the argument that the minimum wage is not an effective way to help the working poor and combat poverty. In the first place, recent welfare reforms have shrunk the available amount of aid and forced families to rely more heavily on their income. Because of this, it is to be expected that a higher minimum wage would be directly beneficial to these families. Furthermore, a study in Oregon on their 1999 state minimum wage increase revealed that up to “one-half of the welfare recipients entering the workforce in 1998 were likely to have received a raise due to the increase.” This shows the possibility of the minimum wage to be effective against poverty. | |||
The minimum wage is also not typically used as a stand-alone solution to poverty and worker buying power. Generally raising the minimum wage is used as part of a broad program to alleviate the working poor. Usually the government would use a minimum wage boost coupled with the [[EITC]] to reduce poverty. | |||
<p align="center"> “For example, in 1997, a single mother of two children working 40 hours per week year-round at the minimum wage would have earned $9,893 (after Social Security and Medicare taxes) and would have been eligible for the maximum EITC of $3,656, which would have put her family income at $13,549, a mere 5% above the 1997 poverty threshold of $12,931 for a family of three. But because the minimum wage has not kept up with increases in the cost of living since 1997, the same family is now below the poverty line. In 2005, a single mother with two children would have combined earnings and EITC of $14,177, or 11% below the 2005 poverty threshold of $15,735 for a family of three.” </p> | |||
It is important to remember that the minimum was is not meant as a cure-all for poverty or the working poor; it is a tool to help low-income families, the working poor, and aid in boosting up the bottom income bracket in our economy. The minimum wage is an important tool to aid in maintaining families and individuals above the poverty line. | |||
='''The Hidden Heart of America'''= | ='''The Hidden Heart of America'''= | ||
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*''Recent trends and facts'' | *''Recent trends and facts'' | ||
The high wage inequality of today is, to a great extent, caused by the declining value of the minimum wage: the fall in the real value of the minimum wage may be a premature consequence for the increase in wage inequality in recent years (Lemieux and Fortin, p.83.) This decline has long-run consequences that have become apparent today: lower purchasing power of less-skilled workers, which in turn may definitely lead to social problems – increase in crime rates and destroying the social capital of a community. As mentioned above, before the 1980s, the wage inequality gap between low-income and high-income households in America was compressed: one of the factors responsible for that was an increase in the minimum wage. Yet, since 1980 the income inequality gap between those households has increased substantially. Labor productivity growth is no longer directly related to minimum wage growth | The high wage inequality of today is, to a great extent, caused by the declining value of the minimum wage: the fall in the real value of the minimum wage may be a premature consequence for the increase in wage inequality in recent years (Lemieux and Fortin, p.83.) This decline has long-run consequences that have become apparent today: lower purchasing power of less-skilled workers, which in turn may definitely lead to social problems – increase in crime rates and destroying the social capital of a community. As mentioned above, before the 1980s, the wage inequality gap between low-income and high-income households in America was compressed: one of the factors responsible for that was an increase in the minimum wage. Yet, since 1980 the income inequality gap between those households has increased substantially. Labor productivity growth is no longer directly related to minimum wage growth [[Figure 7: Inflation Adjusted Minimum Wage and Productivity1947-2004 (indexed to 1968=100))]] While the productivity rate has been continuously increasing since the 1980s, the income rate for low-income households has rapidly decreased during the same time, with very short and unstable periods of slight increases: the minimum wage is no longer systematically related to productivity growth as it used to be in the second decade of the twentieth century [[(Figure 3: Minimum Wage, Median Wage, and Labor Productivity 1979-2005.)]] | ||
'''As many as eighteen states, for instance Pennsylvania, New York, and New Jersey to name just a few, has increased their minimum wage rates above the federal rate, which is $5.15.''' | '''As many as eighteen states, for instance Pennsylvania, New York, and New Jersey to name just a few, has increased their minimum wage rates above the federal rate, which is $5.15.''' | ||
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The increase of the minimum wage will inevitably lead to improving the overall economic health and social capital of America. A higher minimum wage will increase the purchasing power of low-income households, which in turn will spend more on consumption, generating money in the US economy. Over the years, parents will invest in the education of their children, a crucial factor for the prosperity and development of a well-founded community. Low-income workers have difficulties adjusting to today’s high standard of living, for example the increase in medical costs and school tuitions. Such difficulties can be remedied, without incurring unnecessary monetary burden on the US government, by increasing the minimum wage. | The increase of the minimum wage will inevitably lead to improving the overall economic health and social capital of America. A higher minimum wage will increase the purchasing power of low-income households, which in turn will spend more on consumption, generating money in the US economy. Over the years, parents will invest in the education of their children, a crucial factor for the prosperity and development of a well-founded community. Low-income workers have difficulties adjusting to today’s high standard of living, for example the increase in medical costs and school tuitions. Such difficulties can be remedied, without incurring unnecessary monetary burden on the US government, by increasing the minimum wage. | ||
The minimum wage is more that a mere earning tool for low-income American workers: it is one of the founding blocks of the American free society – a society that thrives on its own prosperity. How is it possible? The minimum wage as a monetary unit is very important factor for the entire American population or any society: it can be either the supporter of a well-established community with high social capital and ethic values that facilitates beneficial communications between its citizens or it can be the instigator of crime that destroys social capital and ethic values. To be safe and sound a society depends on its social capital. As a free society, America cannot deprive its citizens from the right to earn adequate minimum wages to support themselves and their children. The high standards of living are real burden for low-income households, who gained very little monetary value over the years 1979-2004 (Figure 1: Hourly Wages of High- Median-, and Low- Wage Earners in Pennsylvania, 1979-2004 (in 2004 dollars)) some of those households consist of a single mother with two children for instance. One of the possibilities to raise the low-income households from destitute is to increase the minimum wage rate. | The minimum wage is more that a mere earning tool for low-income American workers: it is one of the founding blocks of the American free society – a society that thrives on its own prosperity. How is it possible? The minimum wage as a monetary unit is very important factor for the entire American population or any society: it can be either the supporter of a well-established community with high social capital and ethic values that facilitates beneficial communications between its citizens or it can be the instigator of crime that destroys social capital and ethic values. To be safe and sound a society depends on its social capital. As a free society, America cannot deprive its citizens from the right to earn adequate minimum wages to support themselves and their children. The high standards of living are real burden for low-income households, who gained very little monetary value over the years 1979-2004 [[(Figure 1: Hourly Wages of High- Median-, and Low- Wage Earners in Pennsylvania, 1979-2004 (in 2004 dollars))]] some of those households consist of a single mother with two children for instance. One of the possibilities to raise the low-income households from destitute is to increase the minimum wage rate. | ||
The necessity of increasing the minimum wage is not purely financial one: it is a highly moral one. We all live in one community and when the betterment of our community is at stake, we better do what is necessary rather than wait blindly and gather the long-lasting and economically rotten consequences of our unwise actions. The good health of our society is not a natural outcome: it is a human one – the outcome of our efforts. As the above arguments suggest, the entire US economy and society will benefit from the increase in the minimum wage. | The necessity of increasing the minimum wage is not purely financial one: it is a highly moral one. We all live in one community and when the betterment of our community is at stake, we better do what is necessary rather than wait blindly and gather the long-lasting and economically rotten consequences of our unwise actions. The good health of our society is not a natural outcome: it is a human one – the outcome of our efforts. As the above arguments suggest, the entire US economy and society will benefit from the increase in the minimum wage. | ||
We are not alone on the frontier for a minimum wage increase: '''WHO''' is with us? | We are not alone on the frontier for a minimum wage increase: '''WHO''' is with us? | ||
[[Research Sources]] | |||
== '''Economists Supporting Increase in Minimum Wage''' == | |||
<p align="center">Katherine G. Abraham University of Maryland ? Frank Ackerman Tufts University ? F. Gerard Adams Northeastern University ? Randy Albelda University | |||
of Massachusetts - Boston ? James Albrecht Georgetown University ? Jennifer Alix-Garcia University of Montana ? Sylvia A. Allegretto Economic | |||
Policy Institute ? Beth Almeida International Association of Machinists and Aerospace Workers ? Abbas Alnasrawi University of Vermont ? Gar | |||
Alperovitz University of Maryland - College Park ? Joseph Altonji Yale University ? Nurul Aman University of Massachusetts - Boston ? Teresa L. | |||
Amott Hobart and William Smith Colleges ? Alice Amsden Massachusetts Institute of Technology ? Bernard E. Anderson University of Pennsylvania | |||
? Robert M. Anderson University of California - Berkeley ? Bahreinian Aniss California State University - Sacramento ? Kate Antonovics University of | |||
California - San Diego ? Eileen Appelbaum Rutgers University ? David D. Arsen Michigan State University ? Michael Ash University of Massachusetts | |||
- Amherst ? Glen Atkinson University of Nevada - Reno ? Rose-Marie Avin University of Wisconsin - Eau Claire ? M.V. Lee Badgett University of Massachusetts | |||
- Amherst ? Aniss Bahreinian Sacramento City College ? Ron Baiman Loyola University Chicago ? Asatar Bair City College of San Francisco | |||
? Katie Baird University of Washington - Tacoma ? Dean Baker Center for Economic and Policy Research ? Radhika Balakrishnan Marymount Manhattan | |||
College ? Stephen E. Baldwin KRA Corporation ? Erol Balkan Hamilton College ? Jennifer Ball Washburn University ? Brad Barham University | |||
of Wisconsin - Madison ? Drucilla K. Barker Hollins College ? David Barkin Universidad Autonoma Metropolitana ? James N. Baron Yale University | |||
? Chuck Barone Dickinson College ? Christopher B. Barrett Cornell University ? Richard Barrett University of Montana ? Laurie J. Bassi McBassi & | |||
Company ? Francis M. Bator Harvard University ? Rosemary Batt Cornell University ? Sandy Baum Skidmore College ? Amanda Bayer Swarthmore | |||
College ? Sohrab Behdad Denison University ? Peter F. Bell State University of New York - Purchase ? Dale L. Belman Michigan State University | |||
? Michael Belzer Wayne State University ? Lourdes Beneria Cornell University ? Barbara R. Bergmann American University and University of Maryland | |||
? Eli Berman University of California - San Diego ? Alexandra Bernasek Colorado State University ? Jared Bernstein Economic Policy Institute | |||
? Michael Bernstein University of California - San Diego ? Charles L. Betsey Howard University ? David M. Betson University of Notre Dame ? Carole | |||
Biewener Simmons College ? Sherrilyn Billger Illinois State University ? Richard E. Bilsborrow University of North Carolina - Chapel Hill ? Cyrus | |||
Bina University of Minnesota - Morris ? Melissa Binder University of New Mexico ? L. Josh Bivens Economic Policy Institute ? Stanley Black University | |||
of North Carolina - Chapel Hill ? Ron Blackwell AFL - CIO ? Margaret Blair Vanderbilt University Law School ? Gail Blattenberger University of Utah | |||
? Robert A. Blecker American University ? Barry Bluestone Northeastern University ? Peter Bohmer Evergreen State College ? David Boldt State University | |||
of West Georgia ? Roger E. Bolton Williams College ? James F. Booker Siena College ? Jeff Bookwalter University of Montana ? Barry Bosworth | |||
The Brookings Institution ? Heather Boushey Center for Economic and Policy Research ? Roger Even Bove West Chester University ? Samuel Bowles | |||
Santa Fe Institute ? James K. Boyce University of Massachusetts - Amherst ? Ralph Bradburd Williams College ? Michael E. Bradley University of Maryland | |||
- Baltimore County ? Elissa Braunstein Colorado State University ? David Breneman University of Virginia ? Mark Brenner Labor Notes Magazine | |||
? Vernon M. Briggs Cornell University ? Byron W. Brown Michigan State University ? Christopher Brown Arkansas State University ? Clair Brown University | |||
of California - Berkeley ? Philip H. Brown Colby College ? Michael Brun Illinois State University ? Neil H. Buchanan Rutgers School of Law and | |||
New York University School of Law ? Robert Buchele Smith College ? Stephen Buckles Vanderbilt University ? Stephen V. Burks University Of Minnesota | |||
- Morris ? Joyce Burnette Wabash College ? Paul D. Bush California State University - Fresno ? Alison Butler Wilamette University ? Antonio G. Callari | |||
Franklin and Marshall College ? Al Campbell University of Utah ? James Campen University of Massachusetts - Boston ? Maria Cancian University of | |||
Wisconsin - Madison ? Paul Cantor Norwalk Community College ? Anthony Carnevale National Center on Education and the Economy ? Jeffrey P. Carpenter | |||
Middlebury College ? Francoise Carre University of Massachusetts - Boston ? Michael J. Carter University of Massachusetts - Lowell ? Susan | |||
B. Carter University of California - Riverside ? Karl E. Case Wellesley College ? J. Dennis Chasse State University of New York - Brockport ? Howard | |||
Chernick Hunter College, City University of New York ? Robert Cherry Brooklyn College - City University of New York ? Graciela Chichilnisky Columbia | |||
University ? Lawrence Chimerine Radnor International Consulting, Inc. ? Menzie D. Chinn University of Wisconsin - Madison ? Charles R. Chittle | |||
Bowling Green State University ? Kimberly Christensen State University of New York - Purchase ? Richard D. Coe New College of Florida ? Robert M. | |||
Coen Northwestern University ? Steve Cohn Knox College ? Rachel Connelly Bowdoin College ? Karen Smith Conway University of New Hampshire | |||
? Patrick Conway University of North Carolina - Chapel Hill ? David R. Cormier West Virginia University ? James V. Cornehls University of Texas - Arlington | |||
? Richard R. Cornwall Middlebury College ? Paul N. Courant University of Michigan - Ann Arbor ? James R. Crotty University of Massachusetts | |||
- Amherst ? James M. Cypher California State University - Fresno ? Douglas Dalenberg University of Montana ? Herman E. Daly University of Maryland | |||
? Anita Dancs National Priorities Project ? Nasser Daneshvary University of Nevada - Las Vegas ? David Danning University of Massachusetts - Boston | |||
? Sheldon Danziger University of Michigan - Ann Arbor ? Jane D’Arista Financial Markets Center ? Paul Davidson The New School for Social Research | |||
? Jayne Dean Wagner College ? Gregory E. DeFreitas Hofstra University ? Bradford DeLong University of California - Berkeley ? James G. Devine Loyola | |||
Marymount College ? Ranjit S. Dighe State University of New York - Oswego ? John DiNardo University of Michigan - Ann Arbor ? Randall Dodd | |||
Financial Policy Forum ? Peter B. Doeringer Boston University ? Peter Dorman Evergreen State College ? Robert Drago Pennsylvania State University | |||
? Laura Dresser University of Wisconsin ? Richard B. Du Boff Bryn Mawr College ? Arindrajit Dube University of California - Berkeley ? Marie Duggan | |||
Keene State College ? Lloyd J. Dumas University of Texas - Dallas ? Christopher Dunn Earth and Its People Foundation ? Steven N. Durlauf University | |||
of Wisconsin - Madison ? Amitava K. Dutt University of Notre Dame ? Jan Dutta Rutgers University ? Gary A. Dymski University of California - Riverside | |||
? Peter J. Eaton University of Missouri - Kansas City ? Fritz Efaw University of Tennessee - Chattanooga ? Catherine S. Elliott New College of Florida | |||
? Richard W. England University of New Hampshire ? Ernie Englander George Washington University ? Gerald Epstein University of Massachusetts - | |||
Amherst ? Sharon J. Erenburg Eastern Michigan University ? Susan L. Ettner University of California - Los Angeles ? Linda Ewing United Auto Workers | |||
? Colleen A. Fahy Assumption College ? Loretta Fairchild Nebraska Wesleyan University ? David Fairris University of California - Riverside ? Warren | |||
E. Farb International Capital Mobility Domestic Investment ? Martin Farnham University of Victoria ? Jeff Faux Economic Policy Institute ? Sasan Fayazmanesh | |||
California State University - Fresno ? Rashi Fein Harvard Medical School ? Robert M. Feinberg American University ? Susan F. Feiner University | |||
of Southern Maine ? Marshall Feldman University of Rhode Island ? Marianne A. Ferber University of Illinois - Urbana - Champaign ? William D. Ferguson | |||
Grinnell College ? Rudy Fichtenbaum Wright State University ? Deborah M. Figart Richard Stockton College ? Bart D. Finzel University of Minnesota | |||
- Morris ? Lydia Fischer United Auto Workers, retired ? Peter Fisher University of Iowa ? John Fitzgerald Bowdoin College ? Sean Flaherty | |||
Franklin and Marshall College ? Kenneth Flamm University of Texas - Austin ? Maria S. Floro American University ? Nancy Folbre University of Massachusetts | |||
- Amherst ? Christina M. Fong Carnegie Mellon University ? Catherine Forman Quinnipiac University ? Harold A. Forman United Food and | |||
Commercial Workers ? Mathew Forstater University of Missouri - Kansas City ? Liana Fox Economic Policy Institute ? Donald G. Freeman Sam Houston | |||
State University ? Gerald Friedman University of Massachusetts - Amherst ? Sheldon Friedman AFL - CIO ? Alan Frishman Hobart and William Smith | |||
Colleges ? Scott T. Fullwiler Wartburg College ? Kevin Furey Chemeketa Community College ? Jason Furman New York University ? David Gabel | |||
Queens College ? James K. Galbraith University of Texas - Austin ? Monica Galizzi University of Massachusetts - Lowell ? David E. Gallo California | |||
State University - Chico ? Byron Gangnes University of Hawaii - Manoa ? Irwin Garfinkel Columbia University ? Rob Garnett Texas Christian University | |||
? Garance Genicot Georgetown University ? Christophre Georges Hamilton College ? Malcolm Getz Vanderbilt University ? Teresa Ghilarducci University | |||
of Notre Dame ? Karen J. Gibson Portland State University ? Richard J. Gilbert University of California - Berkeley ? Helen Lachs Ginsburg Brooklyn | |||
College - City University of New York ? Herbert Gintis University of Massachusetts - Amherst ? Neil Gladstein International Association of Machinists | |||
and Aerospace Workers ? Amy Glasmeier Penn State University ? Norman J. Glickman Rutgers University ? Robert Glover University of Texas - Austin | |||
? Arthur S. Goldberger University of Wisconsin - Madison ? Lonnie Golden Penn State University - Abington College ? Dan Goldhaber University of | |||
Washington ? Marshall I. Goldman Wellesley College ? Steven M. Goldman University of California - Berkeley ? William W. Goldsmith Cornell University | |||
? Donald Goldstein Allegheny College ? Nance Goldstein University of Southern Maine ? Nick Gomersall Luther College ? Eban S. Goodstein Lewis | |||
and Clark College ? Neva Goodwin Tufts University ? Roger Gordon University of California - San Diego ? Peter Gottschalk Boston College ? Elise Gould | |||
Economic Policy Institute ? Harvey Gram Queens College, City University of New York ? Jim Grant Lewis & Clark College ? Ulla Grapard Colgate University | |||
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Herman The New School ? Edward S. Herman University of Pennsylvania ? Guillermo E. Herrera Bowdoin College ? Joni Hersch Vanderbilt University | |||
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? Ann Horowitz University of Florida ? Ismael Hossein-Zadeh Drake University ? Charles W. Howe University of Colorado - Boulder ? Candace Howes | |||
Connecticut College ? Frank M. Howland Wabash College ? David C. Huffman Bridgewater College ? Saul H. Hymans University of Michigan - Ann Arbor | |||
? Frederick S. Inaba Washington State University ? Alan G. Isaac American University ? Doreen Isenberg University of Redlands ? Jonathan Isham | |||
Middlebury College ? Sanford M. Jacoby University of California - Los Angeles ? Robert G. James California State University - Chico ? Kenneth P. | |||
Jameson University of Utah ? Russell A. Janis University of Massachusetts - Amherst ? Elizabeth J. Jensen Hamilton College ? Pascale Joassart University | |||
of Massachusetts - Boston ? Jerome Joffe St. John’s University ? Laurie Johnson University of Denver ? William Johnson Arizona State University | |||
? Lawrence D. Jones University of British Columbia ? Alexander J. Julius New York University ? Bernard Jump Syracuse University ? Fadhel | |||
Kaboub Drew University ? Shulamit Kahn Boston University ? Linda Kamas Santa Clara University ? Sheila B. Kamerman Columbia University ? John | |||
Kane State University of New York - Oswego ? Billie Kanter California State University - Chico ? J.K. Kapler University of Massachusetts - Boston ? Roger | |||
T. Kaufman Smith College ? David E. Kaun University of California - Santa Cruz ? Thomas A. Kemp University of Wisconsin - Eau Claire ? Peter B. | |||
Kenen Princeton University ? Farida C. Khan University of Wisconsin - Parkside ? Kwan S. Kim University of Notre Dame ? Marlene Kim University of | |||
Massachusetts - Boston ? Christopher T. King University of Texas - Austin ? Mary C. King Portland State University ? Lori G. Kletzer University of California | |||
- Santa Cruz ? Janet T. Knoedler Bucknell University ? Tim Koechlin Vassar College ? Andrew I. Kohen James Madison University ? Denise Eby | |||
Konan University of Hawaii - Manoa ? Ebru Kongar Dickinson College ? James Konow Loyola Marymount University ? Krishna Kool University of Rio | |||
Grande ? Douglas Koritz Buffalo State College ? Daniel J. Kovenock Purdue University ? Kate Krause University of New Mexico ? Vadaken N. Krishnan | |||
Bowling Green State University ? Douglas Kruse Rutgers University ? David Laibman Brooklyn College - City University of New York ? Robert M. La- | |||
Jeunesse University of Newcastle ? Kevin Lang Boston University ? Catherine Langlois Georgetown University ? Mehrene Larudee DePaul University | |||
? Gary A. Latanich Arkansas State University ? Robert Z. Lawrence Harvard University - Kennedy School of Government ? Daniel Lawson Drew University | |||
? William Lazonick University of Massachusetts - Lowell ? Joelle J. Leclaire Buffalo State College ? Frederic S. Lee University of Missouri - | |||
Kansas City ? Marvin Lee San Jose State University ? Sang-Hyop Lee University of Hawaii - Manoa ? Woojin Lee University of Massachusetts - Amherst | |||
? Thomas D. Legg University of Minnesota ? J. Paul Leigh University of California - Davis ? Charles Levenstein University of Massachusetts - Lowell | |||
? Margaret C. Levenstein University of Michigan - Ann Arbor ? Henry M. Levin Columbia University ? Herbert S. Levine University of Pennsylvania | |||
? Mark Levinson Economic Policy Institute ? Oren M. Levin-Waldman Metropolitan College of New York ? Mark K. Levitan Community Service Society | |||
of New York ? Stephen Levy Center for Continuing Study of California Economy ? Arthur Lewbel Boston College ? Lynne Y. Lewis Bates College ? David | |||
L. Lindauer Wellesley College ? Victor D. Lippit University of California - Riverside ? Pamela J. Loprest Urban Institute ? Richard Lotspeich Indiana | |||
State University ? Michael C. Lovell Wesleyan University ? Milton Lower Retired Senior Economist, US House of Representatives ? Stephanie Luce University | |||
of Massachusetts - Amherst ? Robert Lucore United American Nurses ? Jens Otto Ludwig Georgetown University ? Dan Luria Michigan Manufacturing | |||
Technology Center ? Devon Lynch University of Denver ? Lisa M. Lynch Tufts University ? Robert G. Lynch Washington College ? Catherine | |||
Lynde University of Massachusetts - Boston ? Arthur MacEwan University of Massachusetts - Boston ? Hasan MacNeil California State University - Chico | |||
? Allan MacNeill Webster University ? Craig R. MacPhee University of Nebraska - Lincoln ? Diane J. Macunovich University of Redlands ? Janice F. | |||
Madden University of Pennsylvania ? Mark H. Maier Glendale Community College ? Thomas N. Maloney University of Utah ? Jay R. Mandle Colgate | |||
University ? Andrea Maneschi Vanderbilt University ? Garth Mangum University of Utah ? Catherine L. Mann Brandeis University ? Don Mar San Francisco | |||
State University ? Dave E. Marcotte University of Maryland - Baltimore County ? Robert A. Margo Boston University ? Ann R. Markusen University | |||
of Minnesota - Twin Cities Ray Marshall University of Texas LBJ School of Public Affairs ? Stephen Martin Purdue University ? Patrick L. Mason Florida | |||
State University ? Thomas Masterson Westfield State College ? Julie A. Matthaei Wellesley College ? Peter Hans Matthews Middlebury College ? Anne | |||
Mayhew University of Tennessee - Knoxville ? Alan K. McAdams Cornell University ? Timothy D. McBride St. Louis University School of Public Health | |||
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University of Rhode Island ? Hannah McKinney Kalamazoo College ? Judith Record McKinney Hobart and William Smith Colleges ? Andrew | |||
McLennan University of Sydney ? Charles W. McMillion MBG Information Services ? Ellen Meara Harvard Medical School ? Martin Melkonian Hofstra | |||
University ? Jo Beth Mertens Hobart and William Smith Colleges ? Peter B. Meyer University of Louisville and Northern Kentucky University ? Thomas | |||
R. Michl Colgate University ? Edward Miguel University of California - Berkeley ? William Milberg The New School ? John A. Miller Wheaton College | |||
? S.M. Miller Cambridge Institute and Boston University ? Jerry Miner Syracuse University ? Daniel J.B. Mitchel University of California - Los Angeles | |||
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A. Morgan Johns Hopkins University ? John R. Morris University of Colorado - Denver ? Monique Morrissey Economic Policy Institute ? Lawrence B. | |||
Morse North Carolina A&T State University ? Saeed Mortazavi Humboldt State University ? Fred Moseley Mount Holyoke College ? Philip I. Moss University | |||
of Massachusetts - Lowell ? Tracy Mott University of Denver ? Steven D. Mullins Drury University ? Alicia H. Munnell Boston College ? Richard | |||
J. Murnane Harvard University ? Matthew D. Murphy Gainesville State College ? Michael Murray Bates College ? Peggy B. Musgrave University of California | |||
- Santa Cruz ? Richard A. Musgrave Harvard University ? Ellen Mutari Richard Stockton College ? Sirisha Naidu Wright State University | |||
? Michele Naples The College of New Jersey ? Tara Natarajan St. Michael’s College ? Julie A. Nelson Tufts University ? Reynold F. Nesiba Augustana | |||
College ? Donald A. Nichols University of Wisconsin - Madison ? Eric Nilsson California State University - San Bernardino ? Laurie Nisonoff Hampshire | |||
College ? Emily Northrop Southwestern University ? Bruce Norton San Antonio College ? Stephen A. O’Connell Swarthmore College ? Mehmet Odekon | |||
Skidmore College ? Paulette Olson Wright State University ? Paul Ong University of California - Los Angeles ? Van Doorn Ooms Committee for Economic | |||
Development ? Jonathan M. Orszag Competition Policy Associates, Inc. ? Paul Osterman Massachusetts Institute of Technology ? Shaianne T. Osterreich | |||
Ithaca College ? Rudolph A. Oswald George Meany Labor Studies Center ? Spencer J. Pack Connecticut College ? Arnold Packer Johns Hopkins | |||
University ? Dimitri B. Papadimitriou The Levy Economic Institute of Bard College ? James A. Parrott Fiscal Policy Institute ? Manuel Pastor University | |||
of California - Santa Cruz ? Eva A. Paus Mount Holyoke College ? Jim Peach New Mexico State University ? M. Stephen Pendleton Buffalo State College | |||
? Michael Perelman California State University - Chico ? Kenneth Peres Communications Workers of America ? George L. Perry The Brookings Institution | |||
? Joseph Persky University of Illinois - Chicago ? Karen A. Pfeifer Smith College ? Bruce Pietrykowski University of Michigan - Dearborn | |||
? Michael J. Piore Massachusetts Institute of Technology ? Karen R. Polenske Massachusetts Institute of Technology ? Robert Pollin University of | |||
Massachusetts - Amherst ? Marshall Pomer Macroeconomic Policy Institute ? Tod Porter Youngstown State University ? Shirley L. Porterfield University | |||
of Missouri - St. Louis ? Michael J. Potepan San Francisco State University ? Marilyn Power Sarah Lawrence College ? Thomas Power University | |||
of Montana ? Robert E. Prasch Middlebury College ? Mark A. Price Keystone Research Center ? Jean L. Pyle University of Massachusetts - Lowell | |||
? Paddy Quick St. Francis College ? John M. Quigley University of California - Berkeley ? Willard W. Radell, Jr. Indiana University of Pennsylvania | |||
? Fredric Raines Washington University in St. Louis ? Steven Raphael University of California - Berkeley ? Salim Rashid University of Illinois - Urbana | |||
- Champaign ? Wendy L. Rayack Wesleyan University ? Randall Reback Barnard College, Columbia University ? Robert Rebelein Vassar College | |||
? James B. Rebitzer Case Western Reserve University ? Daniel I. Rees University of Colorado - Denver ? Michael Reich University of California - | |||
Berkeley ? Robert B. Reich University of California - Berkeley ? Cordelia Reimers Hunter College and The Graduate Center - City University of New | |||
York ? Donald Renner Minnesota State University - Mankato ? Trudi Renwick Fiscal Policy Institute ? Andrew Reschovsky University of Wisconsin - | |||
Madison ? Lee A. Reynis University of New Mexico ? Daniel Richards Tufts University ? Bruce Roberts University of Southern Maine ? Barbara J. Robles | |||
Arizona State University ? John Roche St. John Fisher College ? Charles P. Rock Rollins College ? William M. Rodgers III Rutgers University ? Dani | |||
Rodrik Harvard University ? John E. Roemer Yale University ? William O. Rohlf Drury University ? Gerard Roland University of California - Berkeley | |||
? Frank Roosevelt Sarah Lawrence College ? Jaime Ros University of Notre Dame ? Nancy E. Rose California State University - San Bernardino ? Howard | |||
F. Rosen Trade Adjustment Assistance Coalition ? Joshua L. Rosenbloom University of Kansas ? William W. Ross Fu Associates, Ltd. ? Roy J. Rotheim | |||
Skidmore College ? Jesse Rothstein Princeton University ? Geoffrey Rothwell Stanford University ? Joydeep Roy Economic Policy Institute ? David | |||
Runsten Community Alliance with Family Farmers ? Lynda Rush California State Polytechnic University - Pomona ? Gregory M. Saltzman Albion | |||
College and the University of Michigan ? Sydney Saltzman Cornell University ? Dominick Salvatore Fordham University ? Blair Sandler San Francisco, | |||
California ? Daniel E. Saros Valparaiso University ? Michael Sattinger University at Albany ? Dawn Saunders Castleton State College ? Larry Sawers | |||
American University ? Max Sawicky Economic Policy Institute ? Peter V. Schaeffer West Virginia University ? William C. Schaniel University of West | |||
Georgia ? A. Allan Schmid Michigan State University ? Stephen J. Schmidt Union College ? John Schmitt Center for Economic and Policy Research | |||
? Juliet B. Schor Boston College ? C. Heike Schotten University of Massachusetts - Boston ? Eric A. Schutz Rollins College ? Elliot Sclar Columbia University | |||
? Allen J. Scott University of California - Los Angeles ? Bruce R. Scott Harvard Business School ? Robert Scott Economic Policy Institute | |||
? Stephanie Seguino University of Vermont ? Laurence Seidman University of Delaware ? Janet Seiz Grinnell College ? Willi Semmler The New School | |||
? Mina Zeynep Senses Johns Hopkins University ? Jean Shackelford Bucknell University ? Harry G. Shaffer University of Kansas ? Sumitra Shah St. | |||
John’s University ? Robert J. Shapiro Sonecon LLC ? Mohammed Sharif University of Rhode Island ? Lois B. Shaw Institute for Women’s Policy Research | |||
? Heidi Shierholz University of Toronto ? Deep Shikha College of St. Catherine ? Richard L. Shirey Siena College ? Steven Shulman Colorado State | |||
University ? Laurence Shute California State Polytechnic University - Pomona ? Stephen J. Silvia American University ? Michael E. Simmons North | |||
Carolina A&T State University ? Margaret C. Simms Joint Center for Political and Economic Studies ? Chris Skelley Rollins College ? Max J. Skidmore | |||
University of Missouri - Kansas City ? Peter Skott University of Massachusetts - Amherst ? Courtenay M. Slater Arlington, Virginia ? Timothy M. Smeeding | |||
Syracuse University ? Janet Spitz College of Saint Rose ? William Spriggs Howard University ? James L. Starkey University of Rhode Island | |||
? Martha A. Starr American University ? Howard Stein University of Michigan - Ann Arbor ? Mary Huff Stevenson University of Massachusetts - Boston | |||
? James B. Stewart Pennsylvania State University ? Jeffrey Stewart Northern Kentucky University ? Robert J. Stonebraker Winthrop University | |||
? Michael Storper University of California - Los Angeles ? Diana Strassmann Rice University ? Cornelia J. Strawser Consultant ? Frederick R. Strobel | |||
New College of Florida ? James I. Sturgeon University of Missouri - Kansas City ? David M. Sturges Colgate University ? William A. Sundstrom Santa | |||
Clara University ? Jonathan Sunshine Reston, Virginia ? Paul Swaim Organisation for Economic Co-operation and Development ? Craig Swan University | |||
of Minnesota - Twin Cities ? Paul A. Swanson William Paterson University ? William K. Tabb Queens College ? Peter Temin Massachusetts Institute of | |||
Technology ? Judith Tendler Massachusetts Instittue of Technology ? David Terkla University of Massachusetts - Boston ? Kenneth Thomas University | |||
of Missouri - St. Louis ? Frank Thompson University of Michigan - Ann Arbor ? Ross D. Thomson University of Vermont ? Emanuel D. Thorne Brooklyn | |||
College - City University of New York ? Jill Tiefenthaler Colgate University ? Thomas H. Tietenberg Colby College ? Chris Tilly University of Massachusetts | |||
- Lowell ? Renee Toback Empire State College ? Mayo C. Toruño California State University - San Bernardino ? W. Scott Trees Siena College | |||
? A. Dale Tussing Syracuse University ? James Tybout Penn State University ? Christopher Udry Yale University ? Daniel A. Underwood Peninsula | |||
College ? Lynn Unruh University of Central Florida ? Leanne Ussher Queens College, City University of New York ? David Vail Bowdoin College ? Vivian | |||
Grace Valdmanis University of the Sciences in Philadelphia ? William Van Lear Belmont Abbey College ? Lane Vanderslice Hunger Notes ? Lise Vesterlund | |||
University of Pittsburgh ? Michael G. Vogt Eastern Michigan University ? Paula B. Voos Rutgers University ? Mark Votruba Case Western Reserve | |||
University ? Susan Vroman Georgetown University ? Howard M. Wachtel American University ? Jeffrey Waddoups University of Nevada - Las Vegas | |||
? Norman Waitzman University of Utah ? Lawrence A. Waldman University of New Mexico ? John F. Walker Portland State University ? William | |||
Waller Hobart and William Smith Colleges ? Jennifer Warlick University of Notre Dame ? Matthew Warning University of Puget Sound ? Bernard | |||
Wasow The Century Foundation ? Robert W. Wassmer California State University - Sacramento ? Sidney Weintraub Center for Strategic and International | |||
Studies ? Mark Weisbrot Center for Economic and Policy Research ? Charles L. Weise Gettysburg College ? Thomas E. Weisskopf University of | |||
Michigan - Ann Arbor ? Christian E. Weller Center for American Progress ? Fred M. Westfield Vanderbilt University ? Charles J. Whalen Perspectives | |||
on Work ? Cathleen L. Whiting Williamette University ? Howard Wial The Brookings Institution ? Linda Wilcox Young Southern Oregon University | |||
? Arthur R. Williams Rochester - Minnesota ? Robert G. Williams Guilford College ? John Willoughby American University ? Valerie Rawlston Wilson | |||
National Urban League ? Jon D. Wisman American University ? Barbara L. Wolfe University of Wisconsin - Madison ? Edward Wolff New York University | |||
? Martin Wolfson University of Notre Dame ? Brenda Wyss Wheaton College ? Yavuz Yasar University of Denver ? Anne Yeagle University of Utah | |||
? Erinc Yelden University of Massachusetts - Amherst ? Ben E. Young University of Missouri - Kansas City ? Edward G. Young University of Wisconsin | |||
- Eau Claire ? June Zaccone National Jobs for All Coalition and Hofstra University ? Ajit Zacharias Levy Economics Institute of Bard College ? David A. | |||
Zalewski Providence College ? Henry W. Zaretsky Henry W. Zaretsky & Associates, Inc. ? Jim Zelenski Regis University ? Andrew Zimbalist Smith College | |||
? John Zysman University of California - Berkeley </p> |
Latest revision as of 02:06, 26 April 2009
Minimum Wage Today
- Realities of the Current Minimum Wage
- The current federal minimum wage rate is $5.15 and hour.
- This minimum wage is 31% of the current average wage in the United States, which is its lowest relative value since World War II.
- The real value of the minimum wage is at its lowest value since 1955.
- Proposed Minimum Wage Increase
- The proposal is to increase the minimum wage from its current level of $5.15 to $7.25 by the year 2008.
- While this increase is significant, it seeks only to increase the real value of the minimum wage to its historic level.
- People Affected by the Proposed Increase
- The proposed minimum wage increase would raise the hourly wages of 14.9 million workers (6.6 would be directly affected, 8.3 would be affected by spillover effects).
- Spillover effects: workers earning at or above the proposed new minimum wage will see their wages increase as well as firms seek to preserve internal wage hierarchies.
- The 14.9 million workers affected by the increase represent 11% of the work force.
- 80% of the people who stand to benefit from the proposed minimum wage increase are age 20 or older (they are not simply teenagers and part-time workers, as is the common misconception).
- Minimum wage workers are important contributors to their family's total income (a minimum wage worker accounts for an average of 54% of their family's income).
- The workers who will benefit most from the increase are single parents, women, minorities, working households at the bottom of the income scale, and families with children.
- The proposed minimum wage increase would raise the hourly wages of 14.9 million workers (6.6 would be directly affected, 8.3 would be affected by spillover effects).
- Arguments for Minimum Wage
- Best recent research on minimum wage increases shows positive effects on wages with without negative effect on employment.
- The higher costs associated with a minimum wage are offset by increases in productivity, lower recruiting and training costs, decreased absenteeism, and increased worker morale.
- Negative employment effects associated with minimum wage increases are overstated.
- Minimum Wage in the Past
- 1970's and 80's - The competitive model of labor shows that any binding increase in the minimum wage will inevitably lead to significant lay-offs (higher unemployment).
- Problems with the competitive model of labor - It is oversimplified; assumes that all employers and job seekers have perfect information, and that hiring, job loss, and unemployment are without cost. Furthermore, the competitive model of labor is based largely on time series studies, which have difficulty controling for external factors in the economy when studying the minimum wage.
- In the 1990's, several famous studies are conducted that challenge the competitive model of labor.
- 1992 - Princeton's David Card studies the 1990 minimum wage increase; concludes that there have been positive effects on wages, but no significant effects on employment.
- 1992 - Card and Krueger study effect of a minimum wage increase on fast food restaurants in New Jersey.
- This controversial study showed that a minimum wage increase had no negative effects on employment, and ushered in the "new economics of the minimum wage".
- 1996-97 - Minimum wage is raised; studies show no evidence of significant job loss.
- 1970's and 80's - The competitive model of labor shows that any binding increase in the minimum wage will inevitably lead to significant lay-offs (higher unemployment).
Recent Debates on Minimum Wage
Min Wage: General Perception
Introductory textbooks in economics introduce the minimum wage as an application of supply and demand analysis. This initial presentation usually relies on the following assumptions:
- Minimum wage is universal (covers all workers)
- Labor market is perfectly competitive
- Productivity is unaffected by wage rate
The effect of minimum wage under these conditions is quite straightforward: when introducing minimum wage, unemployment in labor markets, in which the equilibrium wage rate is below the minimum wage, increases.
On the diagram above, the equilibrium level of employment before the introduction of minimum wage would be L* and the wage level would be w*. When wmin is enforced, employment falls to LD. The Quantity of labor supplied exceeds the quantity of labor demanded and that is why we observe involuntary unemployment between points LD and LS.
Min Wage: Modern Theories
While opponents to the minimum wage generally rely on the above analysis to point out the disadvantages of such legislation, a new generation of economists, like David Card, Alan B. Krueger, Lawrence Katz, and others, suggests that small to moderate increases in the minimum wage will have no negative effects on employment. On the contrary – it is possible that a little raise in the wage can increase the level of employed people. There are several theoretical models that support that statement.
The most common one is the monopsony model. In a monopsony labor market, there is only one employer, who faces an upward sloping supply curve. The cost of hiring an extra worker (the marginal cost) is higher than the wage rate, thus a monopsony company will hire fewer workers than would be hired in a competitive market.
The point of maximization occurs where the marginal revenue (MR) equals the marginal cost (MC) associated with the hiring of an extra worker. In this case, the optimal level of employment is at Lm. The wage that these workers are going to receive is wm.
With the introduction of a minimum wage, the supply curve in the market becomes immediately horizontal and equal to the minimum wage and the marginal cost curves up to the point of intersection of the minimum wage and the supply curves.
In this case, the new level of employment rises to Lmin (since the point of profit maximization is still where MR=MC). Employment will only fall if the minimum wage is set above point w`.
* * *
The greatest study in the recent years to support this theory has been carried out by the two economists David Card and Alan Krueger. Their report came out in 1994 and is based on a research observing the raising of the minimum wage in New Jersey. It is basically a comparison between the employment levels before and after the introduction of the minimum wage in the state and using the employment data from neighboring Pennsylvania (where no such wage increase was issued) as a base for this juxtaposition.
Standard theory would predict that New Jersey’s 19% increase would take away jobs. The study actually suggested that in some circumstances, raising the wage floor might open new job spots. It is very possible that in a labor market, wage levels can influence how hard people work and what their turnover is. The higher productivity can offset the increased production costs and employers might be able to maintain higher personnel. The conclusions of Card and Krueger shocked the minimum wage opposition because to the already known benefits of the program (increasing incomes of the poor, boosting the wage, stimulating demand, rewarding work, etc.), they have added a new, completely unsuspected one – job creation.
The research of Card and Krueger was so carefully conducted and stated its results with such certainty and confidence, that it immediately drew the attention to itself. The prominent reputation of both economists contributed even more to the impression that their study made. They surveyed 79 fast food restaurants in eastern Pennsylvania and 331 in New Jersey just before the 1992 increase took effect. Eight months after the legislation had been passed, they re-interviewed the same restaurants. The astounding results were that employment in New Jersey grew more than in Pennsylvania (the difference was not statistically significant, though).
This research triggered a vicious counterattack by the conservative opponents of the minimum wage. In early 1995 Richard Berman, executive director of the Employment Policies Institute and a lobbyist for restaurant companies, unveiled a counter-study. In an article on the editorial page of the Wall Street Journal, he claimed he possessed evidence from the payroll records of 71 fast food restaurants in NJ and PA that directly contradicted Card-Krueger’s data. Citing well-known economists from different universities, he stated that employment in New Jersey fell as a result of the raise in the minimum wage, and questioned the competency of Krueger and Card.
As time was advancing, the debate was drawing more and more people and was becoming more and more heated. After many vigorous discussions, however, the first flaws in the research of Berman began to appear. His methods and data seemed not as reliable as Card and Krueger’s. For example, his sample of restaurants is much smaller and while Card and Krueger have disclosed all their methods of evaluating the restaurants, Berman to his day has not revealed how the Employment Policies Institute assembled its own sample. This makes the public suspicious how accurate and random his sampling is. Also, much of the Wall Street piece seems to be polemic. Even Berman’s statement about the unreliability of telephone surveys and juxtaposing them to payroll data is controversial. What if employers pay workers “under the table”?
David Neumark and William Wascher, the economists on whom Berman and his fast food partners relied, were becoming uneasy. A careful reading on their payroll data analysis shows that it actually is not much different than the one of Krueger and Card. Job losses were only weakly significant by standard statistical criteria. Neumark and Wascher expressed their concerns that the data of the Employment Policies Institute might be inaccurate and set out to conduct their own research. They expanded the EPI sample and after a while were able to prove that there was no statistical difference in employment in the two states. Their position was greatly undermined by the difference in the two samples. It became clear that the samples were either not random or not from the same population. In both cases, the position of Richard Berman and his army of economists would be wrong.
Even the critics had to agree that the conclusions of Card and Krueger can be plausible. On the most recent American Economics Association annual conference, it was calculated that if the minimum wage rose by 20%, 94 out of 100 workers would get a 20% pay increase, while 6 out of 100 would lose their jobs. The 6 people looking for new jobs would have to wait a little bit longer, but once they find a job, it will pay more and on an annual-income basis, minimum wage workers would still come out 14% ahead.
The Counter Argument
We have offered thus far substantial evidence as to why increasing the minimum wage is an appropriate move. However, opponents of a minimum wage increase use several key arguments to portray a higher wage floor as an ill-advised move.
- An increase in the minimum wage would adversely affect employment: some employees would lose their jobs.
The Classical Model shows us that this should be true. When the wage floor is raised it causes employment to fall back to meet it along the demand curve. The classical model demonstrates the rise in unemployment that is theoretically created by raising the minimum wage. However, “A 1998 EPI (Eonomic Policy Institute) study failed to find any systematic, significant job loss associated with the 1996-97 minimum wage increase.” The findings go on to say that there was not only no significant job loss, but the low-wage labor market saw a period of “lower unemployment rates, increased hourly wages, increased family income, [and] decreased poverty rates.” (EPI quick facts) Research done on the 1990 and 91 wage increases showed that there was similarly no adverse employment affect associated with the wage increase. New economic theory suggests that employers may be able to absorb much of the negative effects of a minimum wage increase through “higher productivity, lower recruiting and training costs, decreased absenteeism, and increased worker morale.” (EPI quick facts) These findings, coupled with a model that explains how this is possible, overshadows the claim that an increase in minimum wage hurts employment; a higher wage floor in fact seems to contribute to a stronger economic state.
- The Minimum wage does not really help anybody in need, just teenage workers living at home and third-income earners in a family.
Opponents of the minimum wage cite research that shows that the main beneficiaries of a minimum wage hike are teenagers working while living at home, third income earners in families, and individuals living alone. However, raising the minimum wage would directly affect millions of workers' hourly wage. 5% of the workforce, or 6.6 million workers, presently make less than the proposed federal minimum of $7.25, and would receive a pay boost. A substantial amount of the workers above them, up to 6% or 8.3 million workers, would also be likely to receive a pay raise due to the Spillover Effect.
The increase in the minimum wage would go to many families in need. An analysis of the 1996-97 increases shows that, on average, more than half of minimum wage workers provide the primary income source for their family. “An estimated 1,395,000 single parents with children under 18 would benefit from a minimum wage increase.” (EPI facts) The higher minimum wage would also benefit disadvantaged workers. 59% of workers receiving the higher wage would be women, representing 14% of working women. The higher minimum wage would also help boost up the disproportionate share of minorities that would be affected by this wage hike, relative to the total workforce. The higher wage would also help raise entire areas income levels, such as in some Southern and Mid-Western states where nearly 20% of the workforce could receive a wage boost. All of this serves to illustrate that the minimum wage does not simply help teenagers with their first job or a third income earner in a household; the higher minimum wage serves to help families and single parents as well as women and minorities to gain a boost in pay.
- Most hourly employees, over 90%, already make hourly wages higher than the new proposed minimum wage of $7.25.
While it is true that the majority of workers do not make the hourly minimum, and only slightly more make less than the proposed minimum, the concern is with the 10% (of the nearly 150 million workers in the US workforce) that would be directly affected by a higher minimum wage. The real concern involves the buying power of the minimum wage compared to how high it was in the past coupled with the increasing inflation rate. The real wage associated with the federal minimum has been declining steadily since the wage hike in 1997. It is 20% lower now than in 1997. Moreover, the wage inequality is worse than it has been since nearly the inception of a minimum wage; “the minimum wage is 31% of the average hourly wage of American workers." Inflation also adversely affects the real value of the minimum wage. Not only has the last minimum wage hike been completely negated by inflation, the actual equivalent wage is lower than it was in 1995 before the raise. An increase in minimum is not meant to boost up all of the workers in the economy, or even a strong majority: it is aimed to help those at the bottom end who would receive direct benefits from higher wages.
- The minimum wage is, in the end, simply not an effective tool to combat poverty.
Many critics of the minimum wage employ the argument that the minimum wage is not an effective way to help the working poor and combat poverty. In the first place, recent welfare reforms have shrunk the available amount of aid and forced families to rely more heavily on their income. Because of this, it is to be expected that a higher minimum wage would be directly beneficial to these families. Furthermore, a study in Oregon on their 1999 state minimum wage increase revealed that up to “one-half of the welfare recipients entering the workforce in 1998 were likely to have received a raise due to the increase.” This shows the possibility of the minimum wage to be effective against poverty. The minimum wage is also not typically used as a stand-alone solution to poverty and worker buying power. Generally raising the minimum wage is used as part of a broad program to alleviate the working poor. Usually the government would use a minimum wage boost coupled with the EITC to reduce poverty.
“For example, in 1997, a single mother of two children working 40 hours per week year-round at the minimum wage would have earned $9,893 (after Social Security and Medicare taxes) and would have been eligible for the maximum EITC of $3,656, which would have put her family income at $13,549, a mere 5% above the 1997 poverty threshold of $12,931 for a family of three. But because the minimum wage has not kept up with increases in the cost of living since 1997, the same family is now below the poverty line. In 2005, a single mother with two children would have combined earnings and EITC of $14,177, or 11% below the 2005 poverty threshold of $15,735 for a family of three.”
It is important to remember that the minimum was is not meant as a cure-all for poverty or the working poor; it is a tool to help low-income families, the working poor, and aid in boosting up the bottom income bracket in our economy. The minimum wage is an important tool to aid in maintaining families and individuals above the poverty line.
The Hidden Heart of America
- US policy changes in the second decade of the twentieth century
Minimum wage, as one of the factors that influence wage inequality in any society, is directly responsible for either increasing or decreasing the income-distribution gap between the rich and poor households in the American society (Goldin and Margo, p.4, 24.) America significantly reduced its unemployment rate during the second decade of the twentieth century through government programs: in 1933 and 1934, the government passed regulatory policies for maximum working hours and minimum wage, which increased the income gains of the low-income households, leading to wage inequality decrease (Goldin and Margo, p.16, 21.) The US government, aiming at mitigating the welfare of low-income Americans, increased the minimum wage to produce egalitarian wage distribution throughout the society. The minimum wage policies had a positive impact on the bottom part of the society’s wage earners (Goldin and Margo, p.28.)
- Recent trends and facts
The high wage inequality of today is, to a great extent, caused by the declining value of the minimum wage: the fall in the real value of the minimum wage may be a premature consequence for the increase in wage inequality in recent years (Lemieux and Fortin, p.83.) This decline has long-run consequences that have become apparent today: lower purchasing power of less-skilled workers, which in turn may definitely lead to social problems – increase in crime rates and destroying the social capital of a community. As mentioned above, before the 1980s, the wage inequality gap between low-income and high-income households in America was compressed: one of the factors responsible for that was an increase in the minimum wage. Yet, since 1980 the income inequality gap between those households has increased substantially. Labor productivity growth is no longer directly related to minimum wage growth Figure 7: Inflation Adjusted Minimum Wage and Productivity1947-2004 (indexed to 1968=100)) While the productivity rate has been continuously increasing since the 1980s, the income rate for low-income households has rapidly decreased during the same time, with very short and unstable periods of slight increases: the minimum wage is no longer systematically related to productivity growth as it used to be in the second decade of the twentieth century (Figure 3: Minimum Wage, Median Wage, and Labor Productivity 1979-2005.)
As many as eighteen states, for instance Pennsylvania, New York, and New Jersey to name just a few, has increased their minimum wage rates above the federal rate, which is $5.15.
- The counter argument
Some critics, besides our opponents, argue that the increase in the minimum wage will cause job losses because employers will be willing to decrease their work force, provided they have to face higher wages. Yet, workers have limits to effectively using their abilities and skills as long as they work under obstructive or stressful environment: a worker cannot normally handle many tasks at once because it will lead to bad work performance; besides there are laws and regulations in force to control work conditions such as environment safety, etc. The increase in the minimum wage is aimed to better the financial conditions of low-income workers in the service sector. In heavy industries, for example steel and car sectors, employees are already paid more than twice the federal wage rate per hour.
Moreover, proponents claim the raise will actually foster an increase in employment rates: people will start searching for jobs and will reduce their dependency on government support. If transfers are reduced then the government will have more money to spend, for example, on public goods and services to facilitate an increase in GDP. The increase in minimum wage is beneficial for firms as well. They will have to learn to use innovation and efficiency in their business transactions as their main competitive and core advantages and work to develop them rather than solely relying on profiting from paying lower wages.
- Do we have moral (are we an integrated part of our society)?
The increase of the minimum wage will inevitably lead to improving the overall economic health and social capital of America. A higher minimum wage will increase the purchasing power of low-income households, which in turn will spend more on consumption, generating money in the US economy. Over the years, parents will invest in the education of their children, a crucial factor for the prosperity and development of a well-founded community. Low-income workers have difficulties adjusting to today’s high standard of living, for example the increase in medical costs and school tuitions. Such difficulties can be remedied, without incurring unnecessary monetary burden on the US government, by increasing the minimum wage.
The minimum wage is more that a mere earning tool for low-income American workers: it is one of the founding blocks of the American free society – a society that thrives on its own prosperity. How is it possible? The minimum wage as a monetary unit is very important factor for the entire American population or any society: it can be either the supporter of a well-established community with high social capital and ethic values that facilitates beneficial communications between its citizens or it can be the instigator of crime that destroys social capital and ethic values. To be safe and sound a society depends on its social capital. As a free society, America cannot deprive its citizens from the right to earn adequate minimum wages to support themselves and their children. The high standards of living are real burden for low-income households, who gained very little monetary value over the years 1979-2004 (Figure 1: Hourly Wages of High- Median-, and Low- Wage Earners in Pennsylvania, 1979-2004 (in 2004 dollars)) some of those households consist of a single mother with two children for instance. One of the possibilities to raise the low-income households from destitute is to increase the minimum wage rate.
The necessity of increasing the minimum wage is not purely financial one: it is a highly moral one. We all live in one community and when the betterment of our community is at stake, we better do what is necessary rather than wait blindly and gather the long-lasting and economically rotten consequences of our unwise actions. The good health of our society is not a natural outcome: it is a human one – the outcome of our efforts. As the above arguments suggest, the entire US economy and society will benefit from the increase in the minimum wage.
We are not alone on the frontier for a minimum wage increase: WHO is with us?
Economists Supporting Increase in Minimum Wage
Katherine G. Abraham University of Maryland ? Frank Ackerman Tufts University ? F. Gerard Adams Northeastern University ? Randy Albelda University of Massachusetts - Boston ? James Albrecht Georgetown University ? Jennifer Alix-Garcia University of Montana ? Sylvia A. Allegretto Economic Policy Institute ? Beth Almeida International Association of Machinists and Aerospace Workers ? Abbas Alnasrawi University of Vermont ? Gar Alperovitz University of Maryland - College Park ? Joseph Altonji Yale University ? Nurul Aman University of Massachusetts - Boston ? Teresa L. Amott Hobart and William Smith Colleges ? Alice Amsden Massachusetts Institute of Technology ? Bernard E. Anderson University of Pennsylvania ? Robert M. Anderson University of California - Berkeley ? Bahreinian Aniss California State University - Sacramento ? Kate Antonovics University of California - San Diego ? Eileen Appelbaum Rutgers University ? David D. Arsen Michigan State University ? Michael Ash University of Massachusetts - Amherst ? Glen Atkinson University of Nevada - Reno ? Rose-Marie Avin University of Wisconsin - Eau Claire ? M.V. Lee Badgett University of Massachusetts - Amherst ? Aniss Bahreinian Sacramento City College ? Ron Baiman Loyola University Chicago ? Asatar Bair City College of San Francisco ? Katie Baird University of Washington - Tacoma ? Dean Baker Center for Economic and Policy Research ? Radhika Balakrishnan Marymount Manhattan College ? Stephen E. Baldwin KRA Corporation ? Erol Balkan Hamilton College ? Jennifer Ball Washburn University ? Brad Barham University of Wisconsin - Madison ? Drucilla K. Barker Hollins College ? David Barkin Universidad Autonoma Metropolitana ? James N. Baron Yale University ? Chuck Barone Dickinson College ? Christopher B. Barrett Cornell University ? Richard Barrett University of Montana ? Laurie J. Bassi McBassi & Company ? Francis M. Bator Harvard University ? Rosemary Batt Cornell University ? Sandy Baum Skidmore College ? Amanda Bayer Swarthmore College ? Sohrab Behdad Denison University ? Peter F. Bell State University of New York - Purchase ? Dale L. Belman Michigan State University ? Michael Belzer Wayne State University ? Lourdes Beneria Cornell University ? Barbara R. Bergmann American University and University of Maryland ? Eli Berman University of California - San Diego ? Alexandra Bernasek Colorado State University ? Jared Bernstein Economic Policy Institute ? Michael Bernstein University of California - San Diego ? Charles L. Betsey Howard University ? David M. Betson University of Notre Dame ? Carole Biewener Simmons College ? Sherrilyn Billger Illinois State University ? Richard E. Bilsborrow University of North Carolina - Chapel Hill ? Cyrus Bina University of Minnesota - Morris ? Melissa Binder University of New Mexico ? L. Josh Bivens Economic Policy Institute ? Stanley Black University of North Carolina - Chapel Hill ? Ron Blackwell AFL - CIO ? Margaret Blair Vanderbilt University Law School ? Gail Blattenberger University of Utah ? Robert A. Blecker American University ? Barry Bluestone Northeastern University ? Peter Bohmer Evergreen State College ? David Boldt State University of West Georgia ? Roger E. Bolton Williams College ? James F. Booker Siena College ? Jeff Bookwalter University of Montana ? Barry Bosworth The Brookings Institution ? Heather Boushey Center for Economic and Policy Research ? Roger Even Bove West Chester University ? Samuel Bowles Santa Fe Institute ? James K. Boyce University of Massachusetts - Amherst ? Ralph Bradburd Williams College ? Michael E. Bradley University of Maryland - Baltimore County ? Elissa Braunstein Colorado State University ? David Breneman University of Virginia ? Mark Brenner Labor Notes Magazine ? Vernon M. Briggs Cornell University ? Byron W. Brown Michigan State University ? Christopher Brown Arkansas State University ? Clair Brown University of California - Berkeley ? Philip H. Brown Colby College ? Michael Brun Illinois State University ? Neil H. Buchanan Rutgers School of Law and New York University School of Law ? Robert Buchele Smith College ? Stephen Buckles Vanderbilt University ? Stephen V. Burks University Of Minnesota - Morris ? Joyce Burnette Wabash College ? Paul D. Bush California State University - Fresno ? Alison Butler Wilamette University ? Antonio G. Callari Franklin and Marshall College ? Al Campbell University of Utah ? James Campen University of Massachusetts - Boston ? Maria Cancian University of Wisconsin - Madison ? Paul Cantor Norwalk Community College ? Anthony Carnevale National Center on Education and the Economy ? Jeffrey P. Carpenter Middlebury College ? Francoise Carre University of Massachusetts - Boston ? Michael J. Carter University of Massachusetts - Lowell ? Susan B. Carter University of California - Riverside ? Karl E. Case Wellesley College ? J. Dennis Chasse State University of New York - Brockport ? Howard Chernick Hunter College, City University of New York ? Robert Cherry Brooklyn College - City University of New York ? Graciela Chichilnisky Columbia University ? Lawrence Chimerine Radnor International Consulting, Inc. ? Menzie D. Chinn University of Wisconsin - Madison ? Charles R. Chittle Bowling Green State University ? Kimberly Christensen State University of New York - Purchase ? Richard D. Coe New College of Florida ? Robert M. Coen Northwestern University ? Steve Cohn Knox College ? Rachel Connelly Bowdoin College ? Karen Smith Conway University of New Hampshire ? Patrick Conway University of North Carolina - Chapel Hill ? David R. Cormier West Virginia University ? James V. Cornehls University of Texas - Arlington ? Richard R. Cornwall Middlebury College ? Paul N. Courant University of Michigan - Ann Arbor ? James R. Crotty University of Massachusetts - Amherst ? James M. Cypher California State University - Fresno ? Douglas Dalenberg University of Montana ? Herman E. Daly University of Maryland ? Anita Dancs National Priorities Project ? Nasser Daneshvary University of Nevada - Las Vegas ? David Danning University of Massachusetts - Boston ? Sheldon Danziger University of Michigan - Ann Arbor ? Jane D’Arista Financial Markets Center ? Paul Davidson The New School for Social Research ? Jayne Dean Wagner College ? Gregory E. DeFreitas Hofstra University ? Bradford DeLong University of California - Berkeley ? James G. Devine Loyola Marymount College ? Ranjit S. Dighe State University of New York - Oswego ? John DiNardo University of Michigan - Ann Arbor ? Randall Dodd Financial Policy Forum ? Peter B. Doeringer Boston University ? Peter Dorman Evergreen State College ? Robert Drago Pennsylvania State University ? Laura Dresser University of Wisconsin ? Richard B. Du Boff Bryn Mawr College ? Arindrajit Dube University of California - Berkeley ? Marie Duggan Keene State College ? Lloyd J. Dumas University of Texas - Dallas ? Christopher Dunn Earth and Its People Foundation ? Steven N. Durlauf University of Wisconsin - Madison ? Amitava K. Dutt University of Notre Dame ? Jan Dutta Rutgers University ? Gary A. Dymski University of California - Riverside ? Peter J. Eaton University of Missouri - Kansas City ? Fritz Efaw University of Tennessee - Chattanooga ? Catherine S. Elliott New College of Florida ? Richard W. England University of New Hampshire ? Ernie Englander George Washington University ? Gerald Epstein University of Massachusetts - Amherst ? Sharon J. Erenburg Eastern Michigan University ? Susan L. Ettner University of California - Los Angeles ? Linda Ewing United Auto Workers ? Colleen A. Fahy Assumption College ? Loretta Fairchild Nebraska Wesleyan University ? David Fairris University of California - Riverside ? Warren E. Farb International Capital Mobility Domestic Investment ? Martin Farnham University of Victoria ? Jeff Faux Economic Policy Institute ? Sasan Fayazmanesh California State University - Fresno ? Rashi Fein Harvard Medical School ? Robert M. Feinberg American University ? Susan F. Feiner University of Southern Maine ? Marshall Feldman University of Rhode Island ? Marianne A. Ferber University of Illinois - Urbana - Champaign ? William D. Ferguson Grinnell College ? Rudy Fichtenbaum Wright State University ? Deborah M. Figart Richard Stockton College ? Bart D. Finzel University of Minnesota - Morris ? Lydia Fischer United Auto Workers, retired ? Peter Fisher University of Iowa ? John Fitzgerald Bowdoin College ? Sean Flaherty Franklin and Marshall College ? Kenneth Flamm University of Texas - Austin ? Maria S. Floro American University ? Nancy Folbre University of Massachusetts - Amherst ? Christina M. Fong Carnegie Mellon University ? Catherine Forman Quinnipiac University ? Harold A. Forman United Food and Commercial Workers ? Mathew Forstater University of Missouri - Kansas City ? Liana Fox Economic Policy Institute ? Donald G. Freeman Sam Houston State University ? Gerald Friedman University of Massachusetts - Amherst ? Sheldon Friedman AFL - CIO ? Alan Frishman Hobart and William Smith Colleges ? Scott T. Fullwiler Wartburg College ? Kevin Furey Chemeketa Community College ? Jason Furman New York University ? David Gabel Queens College ? James K. Galbraith University of Texas - Austin ? Monica Galizzi University of Massachusetts - Lowell ? David E. Gallo California State University - Chico ? Byron Gangnes University of Hawaii - Manoa ? Irwin Garfinkel Columbia University ? Rob Garnett Texas Christian University ? Garance Genicot Georgetown University ? Christophre Georges Hamilton College ? Malcolm Getz Vanderbilt University ? Teresa Ghilarducci University of Notre Dame ? Karen J. Gibson Portland State University ? Richard J. Gilbert University of California - Berkeley ? Helen Lachs Ginsburg Brooklyn College - City University of New York ? Herbert Gintis University of Massachusetts - Amherst ? Neil Gladstein International Association of Machinists and Aerospace Workers ? Amy Glasmeier Penn State University ? Norman J. Glickman Rutgers University ? Robert Glover University of Texas - Austin ? Arthur S. Goldberger University of Wisconsin - Madison ? Lonnie Golden Penn State University - Abington College ? Dan Goldhaber University of Washington ? Marshall I. Goldman Wellesley College ? Steven M. Goldman University of California - Berkeley ? William W. Goldsmith Cornell University ? Donald Goldstein Allegheny College ? Nance Goldstein University of Southern Maine ? Nick Gomersall Luther College ? Eban S. Goodstein Lewis and Clark College ? Neva Goodwin Tufts University ? Roger Gordon University of California - San Diego ? Peter Gottschalk Boston College ? Elise Gould Economic Policy Institute ? Harvey Gram Queens College, City University of New York ? Jim Grant Lewis & Clark College ? Ulla Grapard Colgate University ? Daphne Greenwood University of Colorado - Colorado Springs ? Karl Gregory Oakland University ? Christopher Gunn Hobart and William Smith Colleges ? Steven C. Hackett Humboldt State University ? Joseph E. Harrington Johns Hopkins University ? Douglas N. Harris Florida State University ? Jonathan M. Harris Tufts University ? Martin Hart-Landsberg Lewis & Clark College ? Robert Haveman University of Wisconsin - Madison ? Sue Headlee American University ? Carol E. Heim University of Massachusetts - Amherst ? James Heintz University of Massachusetts - Amherst ? Paul A. Heise Lebanon Valley College ? Susan Helper Case Western Reserve University ? John F. Henry University of Missouri - Kansas City ? Barry Herman The New School ? Edward S. Herman University of Pennsylvania ? Guillermo E. Herrera Bowdoin College ? Joni Hersch Vanderbilt University Law School ? Thomas Hertel Purdue University ? Steven Herzenberg Keystone Research Center ? Donald D. Hester University of Wisconsin - Madison ? Gillian Hewitson Franklin and Marshall College ? Bert G. Hickman Stanford University ? Marianne T. Hill Center for Policy Research and Planning ? Martha S. Hill University of Michigan - Ann Arbor ? Michael G. Hillard University of Southern Maine ? Rod Hissong University of Texas - Arlington ? P. Sai-Wing Ho University of Denver ? Emily P. Hoffman Western Michigan University ? Harry J. Holzer Georgetown University and Urban Institute ? Marjorie Honig Hunter College, City University of New York ? Barbara E. Hopkins Wright State University ? Mark R. Hopkins Gettysburg College ? Ann Horowitz University of Florida ? Ismael Hossein-Zadeh Drake University ? Charles W. Howe University of Colorado - Boulder ? Candace Howes Connecticut College ? Frank M. Howland Wabash College ? David C. Huffman Bridgewater College ? Saul H. Hymans University of Michigan - Ann Arbor ? Frederick S. Inaba Washington State University ? Alan G. Isaac American University ? Doreen Isenberg University of Redlands ? Jonathan Isham Middlebury College ? Sanford M. Jacoby University of California - Los Angeles ? Robert G. James California State University - Chico ? Kenneth P. Jameson University of Utah ? Russell A. Janis University of Massachusetts - Amherst ? Elizabeth J. Jensen Hamilton College ? Pascale Joassart University of Massachusetts - Boston ? Jerome Joffe St. John’s University ? Laurie Johnson University of Denver ? William Johnson Arizona State University ? Lawrence D. Jones University of British Columbia ? Alexander J. Julius New York University ? Bernard Jump Syracuse University ? Fadhel Kaboub Drew University ? Shulamit Kahn Boston University ? Linda Kamas Santa Clara University ? Sheila B. Kamerman Columbia University ? John Kane State University of New York - Oswego ? Billie Kanter California State University - Chico ? J.K. Kapler University of Massachusetts - Boston ? Roger T. Kaufman Smith College ? David E. Kaun University of California - Santa Cruz ? Thomas A. Kemp University of Wisconsin - Eau Claire ? Peter B. Kenen Princeton University ? Farida C. Khan University of Wisconsin - Parkside ? Kwan S. Kim University of Notre Dame ? Marlene Kim University of Massachusetts - Boston ? Christopher T. King University of Texas - Austin ? Mary C. King Portland State University ? Lori G. Kletzer University of California - Santa Cruz ? Janet T. Knoedler Bucknell University ? Tim Koechlin Vassar College ? Andrew I. Kohen James Madison University ? Denise Eby Konan University of Hawaii - Manoa ? Ebru Kongar Dickinson College ? James Konow Loyola Marymount University ? Krishna Kool University of Rio Grande ? Douglas Koritz Buffalo State College ? Daniel J. Kovenock Purdue University ? Kate Krause University of New Mexico ? Vadaken N. Krishnan Bowling Green State University ? Douglas Kruse Rutgers University ? David Laibman Brooklyn College - City University of New York ? Robert M. La- Jeunesse University of Newcastle ? Kevin Lang Boston University ? Catherine Langlois Georgetown University ? Mehrene Larudee DePaul University ? Gary A. Latanich Arkansas State University ? Robert Z. Lawrence Harvard University - Kennedy School of Government ? Daniel Lawson Drew University ? William Lazonick University of Massachusetts - Lowell ? Joelle J. Leclaire Buffalo State College ? Frederic S. Lee University of Missouri - Kansas City ? Marvin Lee San Jose State University ? Sang-Hyop Lee University of Hawaii - Manoa ? Woojin Lee University of Massachusetts - Amherst ? Thomas D. Legg University of Minnesota ? J. Paul Leigh University of California - Davis ? Charles Levenstein University of Massachusetts - Lowell ? Margaret C. Levenstein University of Michigan - Ann Arbor ? Henry M. Levin Columbia University ? Herbert S. Levine University of Pennsylvania ? Mark Levinson Economic Policy Institute ? Oren M. Levin-Waldman Metropolitan College of New York ? Mark K. Levitan Community Service Society of New York ? Stephen Levy Center for Continuing Study of California Economy ? Arthur Lewbel Boston College ? Lynne Y. Lewis Bates College ? David L. Lindauer Wellesley College ? Victor D. Lippit University of California - Riverside ? Pamela J. Loprest Urban Institute ? Richard Lotspeich Indiana State University ? Michael C. Lovell Wesleyan University ? Milton Lower Retired Senior Economist, US House of Representatives ? Stephanie Luce University of Massachusetts - Amherst ? Robert Lucore United American Nurses ? Jens Otto Ludwig Georgetown University ? Dan Luria Michigan Manufacturing Technology Center ? Devon Lynch University of Denver ? Lisa M. Lynch Tufts University ? Robert G. Lynch Washington College ? Catherine Lynde University of Massachusetts - Boston ? Arthur MacEwan University of Massachusetts - Boston ? Hasan MacNeil California State University - Chico ? Allan MacNeill Webster University ? Craig R. MacPhee University of Nebraska - Lincoln ? Diane J. Macunovich University of Redlands ? Janice F. Madden University of Pennsylvania ? Mark H. Maier Glendale Community College ? Thomas N. Maloney University of Utah ? Jay R. Mandle Colgate University ? Andrea Maneschi Vanderbilt University ? Garth Mangum University of Utah ? Catherine L. Mann Brandeis University ? Don Mar San Francisco State University ? Dave E. Marcotte University of Maryland - Baltimore County ? Robert A. Margo Boston University ? Ann R. Markusen University of Minnesota - Twin Cities Ray Marshall University of Texas LBJ School of Public Affairs ? Stephen Martin Purdue University ? Patrick L. Mason Florida State University ? Thomas Masterson Westfield State College ? Julie A. Matthaei Wellesley College ? Peter Hans Matthews Middlebury College ? Anne Mayhew University of Tennessee - Knoxville ? Alan K. McAdams Cornell University ? Timothy D. McBride St. Louis University School of Public Health ? Elaine McCrate University of Vermont ? Kate McGovern Springfield College ? Richard D. McGrath Armstrong Atlantic State University ? Richard McIntyre University of Rhode Island ? Hannah McKinney Kalamazoo College ? Judith Record McKinney Hobart and William Smith Colleges ? Andrew McLennan University of Sydney ? Charles W. McMillion MBG Information Services ? Ellen Meara Harvard Medical School ? Martin Melkonian Hofstra University ? Jo Beth Mertens Hobart and William Smith Colleges ? Peter B. Meyer University of Louisville and Northern Kentucky University ? Thomas R. Michl Colgate University ? Edward Miguel University of California - Berkeley ? William Milberg The New School ? John A. Miller Wheaton College ? S.M. Miller Cambridge Institute and Boston University ? Jerry Miner Syracuse University ? Daniel J.B. Mitchel University of California - Los Angeles ? Edward B. Montgomery University of Maryland ? Sarah Montgomery Mount Holyoke College ? Robert E. Moore Georgia State University ? Barbara A. Morgan Johns Hopkins University ? John R. Morris University of Colorado - Denver ? Monique Morrissey Economic Policy Institute ? Lawrence B. Morse North Carolina A&T State University ? Saeed Mortazavi Humboldt State University ? Fred Moseley Mount Holyoke College ? Philip I. Moss University of Massachusetts - Lowell ? Tracy Mott University of Denver ? Steven D. Mullins Drury University ? Alicia H. Munnell Boston College ? Richard J. Murnane Harvard University ? Matthew D. Murphy Gainesville State College ? Michael Murray Bates College ? Peggy B. Musgrave University of California - Santa Cruz ? Richard A. Musgrave Harvard University ? Ellen Mutari Richard Stockton College ? Sirisha Naidu Wright State University ? Michele Naples The College of New Jersey ? Tara Natarajan St. Michael’s College ? Julie A. Nelson Tufts University ? Reynold F. Nesiba Augustana College ? Donald A. Nichols University of Wisconsin - Madison ? Eric Nilsson California State University - San Bernardino ? Laurie Nisonoff Hampshire College ? Emily Northrop Southwestern University ? Bruce Norton San Antonio College ? Stephen A. O’Connell Swarthmore College ? Mehmet Odekon Skidmore College ? Paulette Olson Wright State University ? Paul Ong University of California - Los Angeles ? Van Doorn Ooms Committee for Economic Development ? Jonathan M. Orszag Competition Policy Associates, Inc. ? Paul Osterman Massachusetts Institute of Technology ? Shaianne T. Osterreich Ithaca College ? Rudolph A. Oswald George Meany Labor Studies Center ? Spencer J. Pack Connecticut College ? Arnold Packer Johns Hopkins University ? Dimitri B. Papadimitriou The Levy Economic Institute of Bard College ? James A. Parrott Fiscal Policy Institute ? Manuel Pastor University of California - Santa Cruz ? Eva A. Paus Mount Holyoke College ? Jim Peach New Mexico State University ? M. Stephen Pendleton Buffalo State College ? Michael Perelman California State University - Chico ? Kenneth Peres Communications Workers of America ? George L. Perry The Brookings Institution ? Joseph Persky University of Illinois - Chicago ? Karen A. Pfeifer Smith College ? Bruce Pietrykowski University of Michigan - Dearborn ? Michael J. Piore Massachusetts Institute of Technology ? Karen R. Polenske Massachusetts Institute of Technology ? Robert Pollin University of Massachusetts - Amherst ? Marshall Pomer Macroeconomic Policy Institute ? Tod Porter Youngstown State University ? Shirley L. Porterfield University of Missouri - St. Louis ? Michael J. Potepan San Francisco State University ? Marilyn Power Sarah Lawrence College ? Thomas Power University of Montana ? Robert E. Prasch Middlebury College ? Mark A. Price Keystone Research Center ? Jean L. Pyle University of Massachusetts - Lowell ? Paddy Quick St. Francis College ? John M. Quigley University of California - Berkeley ? Willard W. Radell, Jr. Indiana University of Pennsylvania ? Fredric Raines Washington University in St. Louis ? Steven Raphael University of California - Berkeley ? Salim Rashid University of Illinois - Urbana - Champaign ? Wendy L. Rayack Wesleyan University ? Randall Reback Barnard College, Columbia University ? Robert Rebelein Vassar College ? James B. Rebitzer Case Western Reserve University ? Daniel I. Rees University of Colorado - Denver ? Michael Reich University of California - Berkeley ? Robert B. Reich University of California - Berkeley ? Cordelia Reimers Hunter College and The Graduate Center - City University of New York ? Donald Renner Minnesota State University - Mankato ? Trudi Renwick Fiscal Policy Institute ? Andrew Reschovsky University of Wisconsin - Madison ? Lee A. Reynis University of New Mexico ? Daniel Richards Tufts University ? Bruce Roberts University of Southern Maine ? Barbara J. Robles Arizona State University ? John Roche St. John Fisher College ? Charles P. Rock Rollins College ? William M. Rodgers III Rutgers University ? Dani Rodrik Harvard University ? John E. Roemer Yale University ? William O. Rohlf Drury University ? Gerard Roland University of California - Berkeley ? Frank Roosevelt Sarah Lawrence College ? Jaime Ros University of Notre Dame ? Nancy E. Rose California State University - San Bernardino ? Howard F. Rosen Trade Adjustment Assistance Coalition ? Joshua L. Rosenbloom University of Kansas ? William W. Ross Fu Associates, Ltd. ? Roy J. Rotheim Skidmore College ? Jesse Rothstein Princeton University ? Geoffrey Rothwell Stanford University ? Joydeep Roy Economic Policy Institute ? David Runsten Community Alliance with Family Farmers ? Lynda Rush California State Polytechnic University - Pomona ? Gregory M. Saltzman Albion College and the University of Michigan ? Sydney Saltzman Cornell University ? Dominick Salvatore Fordham University ? Blair Sandler San Francisco, California ? Daniel E. Saros Valparaiso University ? Michael Sattinger University at Albany ? Dawn Saunders Castleton State College ? Larry Sawers American University ? Max Sawicky Economic Policy Institute ? Peter V. Schaeffer West Virginia University ? William C. Schaniel University of West Georgia ? A. Allan Schmid Michigan State University ? Stephen J. Schmidt Union College ? John Schmitt Center for Economic and Policy Research ? Juliet B. Schor Boston College ? C. Heike Schotten University of Massachusetts - Boston ? Eric A. Schutz Rollins College ? Elliot Sclar Columbia University ? Allen J. Scott University of California - Los Angeles ? Bruce R. Scott Harvard Business School ? Robert Scott Economic Policy Institute ? Stephanie Seguino University of Vermont ? Laurence Seidman University of Delaware ? Janet Seiz Grinnell College ? Willi Semmler The New School ? Mina Zeynep Senses Johns Hopkins University ? Jean Shackelford Bucknell University ? Harry G. Shaffer University of Kansas ? Sumitra Shah St. John’s University ? Robert J. Shapiro Sonecon LLC ? Mohammed Sharif University of Rhode Island ? Lois B. Shaw Institute for Women’s Policy Research ? Heidi Shierholz University of Toronto ? Deep Shikha College of St. Catherine ? Richard L. Shirey Siena College ? Steven Shulman Colorado State University ? Laurence Shute California State Polytechnic University - Pomona ? Stephen J. Silvia American University ? Michael E. Simmons North Carolina A&T State University ? Margaret C. Simms Joint Center for Political and Economic Studies ? Chris Skelley Rollins College ? Max J. Skidmore University of Missouri - Kansas City ? Peter Skott University of Massachusetts - Amherst ? Courtenay M. Slater Arlington, Virginia ? Timothy M. Smeeding Syracuse University ? Janet Spitz College of Saint Rose ? William Spriggs Howard University ? James L. Starkey University of Rhode Island ? Martha A. Starr American University ? Howard Stein University of Michigan - Ann Arbor ? Mary Huff Stevenson University of Massachusetts - Boston ? James B. Stewart Pennsylvania State University ? Jeffrey Stewart Northern Kentucky University ? Robert J. Stonebraker Winthrop University ? Michael Storper University of California - Los Angeles ? Diana Strassmann Rice University ? Cornelia J. Strawser Consultant ? Frederick R. Strobel New College of Florida ? James I. Sturgeon University of Missouri - Kansas City ? David M. Sturges Colgate University ? William A. Sundstrom Santa Clara University ? Jonathan Sunshine Reston, Virginia ? Paul Swaim Organisation for Economic Co-operation and Development ? Craig Swan University of Minnesota - Twin Cities ? Paul A. Swanson William Paterson University ? William K. Tabb Queens College ? Peter Temin Massachusetts Institute of Technology ? Judith Tendler Massachusetts Instittue of Technology ? David Terkla University of Massachusetts - Boston ? Kenneth Thomas University of Missouri - St. Louis ? Frank Thompson University of Michigan - Ann Arbor ? Ross D. Thomson University of Vermont ? Emanuel D. Thorne Brooklyn College - City University of New York ? Jill Tiefenthaler Colgate University ? Thomas H. Tietenberg Colby College ? Chris Tilly University of Massachusetts - Lowell ? Renee Toback Empire State College ? Mayo C. Toruño California State University - San Bernardino ? W. Scott Trees Siena College ? A. Dale Tussing Syracuse University ? James Tybout Penn State University ? Christopher Udry Yale University ? Daniel A. Underwood Peninsula College ? Lynn Unruh University of Central Florida ? Leanne Ussher Queens College, City University of New York ? David Vail Bowdoin College ? Vivian Grace Valdmanis University of the Sciences in Philadelphia ? William Van Lear Belmont Abbey College ? Lane Vanderslice Hunger Notes ? Lise Vesterlund University of Pittsburgh ? Michael G. Vogt Eastern Michigan University ? Paula B. Voos Rutgers University ? Mark Votruba Case Western Reserve University ? Susan Vroman Georgetown University ? Howard M. Wachtel American University ? Jeffrey Waddoups University of Nevada - Las Vegas ? Norman Waitzman University of Utah ? Lawrence A. Waldman University of New Mexico ? John F. Walker Portland State University ? William Waller Hobart and William Smith Colleges ? Jennifer Warlick University of Notre Dame ? Matthew Warning University of Puget Sound ? Bernard Wasow The Century Foundation ? Robert W. Wassmer California State University - Sacramento ? Sidney Weintraub Center for Strategic and International Studies ? Mark Weisbrot Center for Economic and Policy Research ? Charles L. Weise Gettysburg College ? Thomas E. Weisskopf University of Michigan - Ann Arbor ? Christian E. Weller Center for American Progress ? Fred M. Westfield Vanderbilt University ? Charles J. Whalen Perspectives on Work ? Cathleen L. Whiting Williamette University ? Howard Wial The Brookings Institution ? Linda Wilcox Young Southern Oregon University ? Arthur R. Williams Rochester - Minnesota ? Robert G. Williams Guilford College ? John Willoughby American University ? Valerie Rawlston Wilson National Urban League ? Jon D. Wisman American University ? Barbara L. Wolfe University of Wisconsin - Madison ? Edward Wolff New York University ? Martin Wolfson University of Notre Dame ? Brenda Wyss Wheaton College ? Yavuz Yasar University of Denver ? Anne Yeagle University of Utah ? Erinc Yelden University of Massachusetts - Amherst ? Ben E. Young University of Missouri - Kansas City ? Edward G. Young University of Wisconsin - Eau Claire ? June Zaccone National Jobs for All Coalition and Hofstra University ? Ajit Zacharias Levy Economics Institute of Bard College ? David A. Zalewski Providence College ? Henry W. Zaretsky Henry W. Zaretsky & Associates, Inc. ? Jim Zelenski Regis University ? Andrew Zimbalist Smith College ? John Zysman University of California - Berkeley