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Automation and the Minimum Wage
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Educational Use
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A higher minimum wage would provide higher income for low-wage workers but also likely reduce job opportunities. Some of the reduction in job opportunities would occur from employers automating job tasks to replace more expensive human labor. The November 2021 issue of Page One Economics® explains how a higher mandated wage may lead some firms to substitute capital for labor.

Subject:
Business and Communication
Economics
Finance
Social Science
Material Type:
Lesson
Reading
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics
Author:
F. Mindy Burton
Scott Wolla
Date Added:
11/01/2021
EconGuy Videos: Does Free Trade Destroy Jobs?
Conditional Remix & Share Permitted
CC BY-SA
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Many people assume that importing goods from other countries destroys jobs here in the U.S. Economists believe that trade doesn't destroy jobs, it just moves them around within the economy. This video explains how.

Subject:
Economics
Social Science
Material Type:
Lecture
Provider:
Patrick Walsh
Provider Set:
Individual Authors
Author:
Patrick Walsh
Date Added:
11/14/2014
EconGuy Videos: Immigrants and Jobs
Conditional Remix & Share Permitted
CC BY-NC-SA
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Many people think that immigrants take jobs from Americans. But is that true? Turns out there isn't a fixed number of jobs to be fought over by Americans and immigrants. Immigrants actually end up creating more jobs for Americans - find out how.

Subject:
Economics
Social Science
Material Type:
Lecture
Provider:
Saint Michael's College
Provider Set:
EconGuy Videos
Author:
Patrick Walsh
Date Added:
11/29/2013
EconGuy Videos: Making Workers Better Off
Conditional Remix & Share Permitted
CC BY-SA
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Most people are interested in seeing workers earn a decent wage. But how does that happen? Is forcing employers to be more generous the key to rising standards of living? To find out how to raise livng standards, this video looks at big differences in wages: from 100 years ago to today; and between poor countries and the US. Through these examples, economists identify productivity and output as the key to increasing living standards.

Subject:
Economics
Social Science
Material Type:
Lecture
Provider:
Patrick Walsh
Provider Set:
Individual Authors
Author:
Patrick Walsh
Date Added:
11/14/2014
EconGuy Videos: Minimum Wage
Conditional Remix & Share Permitted
CC BY-SA
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Is raising the minimum wage a good idea? Many people think it's a great way to help low-income families. But some economists worry that the minimum wage doesn't reach the poorest families, helps a lot of people who don't need it, and can lead to job cuts. Here are some facts & figures from the debate over the minimum wage

Subject:
Economics
Social Science
Material Type:
Lecture
Provider:
Patrick Walsh
Provider Set:
Individual Authors
Author:
Patrick Walsh
Date Added:
11/14/2014
Economic History
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CC BY-NC-SA
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This course is a survey of world economic history, and it introduces economics students to the subject matter and methodology of economic history. It is designed to expand the range of empirical settings in students’ research by drawing upon historical material and long-run data. Topics are chosen to show a wide variety of historical experience and illuminate the process of industrialization. The emphasis will be on questions related to labor markets and economic growth.

Subject:
Arts and Humanities
Economics
History
Social Science
World History
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Hornbeck, Richard
Date Added:
02/01/2009
Globalization
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CC BY-NC-SA
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This seminar explores changes in the international economy and their effects on domestic politics, economy, and society. Is globalization really a new phenomenon? Is it irreversible? What are effects on wages and inequality, on social safety nets, on production, and innovation? How does it affect relations between developed countries and developing countries? How globalization affects democracy? These are some of the key issues that will be examined.

Subject:
Business and Communication
Economics
Political Science
Social Science
Sociology
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Berger, Suzanne
Date Added:
09/01/2005
LABOUR MARKETS (2014)
Only Sharing Permitted
CC BY-NC-ND
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This Mini Lecture discusses issues of labour productivity, low-wage work and economic growth of emerging markets with direct quotes by Laureates Christopher Pissarides, Peter Diamond, Robert Solow and James Mirrlees.

Subject:
Economics
Social Science
Material Type:
Lecture
Provider:
Lindau Nobel Laureate Meetings
Provider Set:
Mini Lectures
Date Added:
04/13/2018
Principles of Macroeconomics 2e
Unrestricted Use
CC BY
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Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.

Subject:
Economics
Social Science
Material Type:
Full Course
Provider:
Rice University
Provider Set:
OpenStax College
Date Added:
06/29/2017
Principles of Macroeconomics 2e, Unemployment, What Causes Changes in Unemployment over the Long Run
Unrestricted Use
CC BY
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By the end of this section, you will be able to:

Explain frictional and structural unemployment
Assess relationships between the natural rate of employment and potential real GDP, productivity, and public policy
Identify recent patterns in the natural rate of employment
Propose ways to combat unemployment

Subject:
Applied Science
Material Type:
Module
Date Added:
09/20/2018