Minimum Wage and Maximum Hours Standards Under the Fair Labor Standards Act. Economic Effects Studies [electronic resource]
This report describes the 1966 amendments to the Fair Labor Standards Act and summarizes the findings of three 1969 studies of the economic effects of these amendments. The studies found that economic growth continued through the third phase of the amendments, beginning February 1, 1969, despite inc...
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Full Text (via ERIC) |
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| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[S.l.] :
Distributed by ERIC Clearinghouse,
1970.
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| Subjects: |
| Summary: | This report describes the 1966 amendments to the Fair Labor Standards Act and summarizes the findings of three 1969 studies of the economic effects of these amendments. The studies found that economic growth continued through the third phase of the amendments, beginning February 1, 1969, despite increased wage and hours restrictions for recently covered workers and an extension of coverage to smaller firms. Total nonagricultural employment rose in 28 of 32 months between 1967 and 1969. Price changes in the South, where the minimum wage has had the greatest impact, were not significantly different from price changes elsewhere, implying that price changes were not due to the minimum wage. The report concludes that changes in the minimum wage have not had an adverse effect on the economy. (BH) |
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| Item Description: | ERIC Document Number: ED052302. ERIC Note: Submitted to the Congress, 1970. |
| Physical Description: | 42 p. |