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The impact of minimum wage increases on food and kindred products prices an analysis of price pass-through by Chinkook Lee

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Published by U.S. Dept. of Agriculture, ERS in Washington, D.C.] .
Written in English

Subjects:

  • Food industry and trade,
  • Wages,
  • Minimum wage,
  • Food prices

Book details:

Edition Notes

StatementChinkook Lee, Brian O"Roark
SeriesAn Economic Research Service report, Technical bulletin -- no. 1877, Technical bulletin (United States. Dept. of Agriculture) -- no. 1877.
ContributionsO"Roark, Brian, United States. Department of Agriculture. Economic Research Service
The Physical Object
Paginationiii, 22 p. ;
Number of Pages22
ID Numbers
Open LibraryOL26394721M
OCLC/WorldCa42140070

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Increasing the minimum wage would affect the food system more than the overall economy. The food system provides a large number of jobs, particularly entrylevel jobs for workers with few skills or. Lemos () argues that if minimum wage increases lead to a surge in prices, then this is often borne by consumers, and if minimum wage goods form Author: Sara Lemos. Lee, Chinkook & O'Roark, Brian, "The Impact of Minimum Wage Increases on Food and Kindred Products Prices: An Analysis of Price Pass-Through," Technical Bulletins , United States Department of Agriculture, Economic Research Service. Bils, Mark, Digitized for FRASER Federal Reserve Bank of St. Louis APRIL / VOLUME 57 NUMBER SURVEY OF CURRENT BUSINESS CONTENTS U.S. Department.

  Words: Length: 10 Pages Document Type: Research Paper Paper #: production of food products has changed dramatically over the past several years. Technological changes in machinery, increased use of better and more expedient forms of transportation, and improved fertilizers have all contributed to a more efficient food production . District manufactured exports post solid growth in Share. food and kindred products, grew 37 percent in The value of this industry grew not only due to strong demand in other countries, but also because of increases in world food prices. The combination of healthy demand and higher prices also contributed to substantial increases. Another way of looking at the costs involved is to compare the added costs with a rise in wages. For each industry group, the cost increase due to wage increases of 1 to 10 percent are compared with pollution abatement costs in Tables 61 and Table Cost Increases Due to Wage Increases S.I.C. No. Supplemental Table A: Jobs displaced due to U.S. trade deficits with China, by congressional district, – (ranked by share of jobs displaced) [] [] Supplemental Table B: Jobs displaced due to U.S. trade deficits with China, by congressional district, – (sorted by state and congressional district) [] [] Supplemental Table C: U.S. trade with China, by industry, .

The apparel industry continued to shrink in , after a percent drop in employment in Textile mill products grew percent in , on the other hand, and was up another percent in Food and kindred products, paper and allied products printing and publishing, and rubber and plastics, whose employment. National Income and Product from Survey of Current Business, October Prices Labor shortages continued to be reported and were boosting some wages, mostly at business service and energy firms. But several industries were fighting off wage increases by finding creative ways to increase worker satisfaction without raising wages or costs. Nearly all firms reported that the minimum wage increase was not binding.   Minimum Wage. Hiking the Minimum Wage Won't Help the Poor Raising the price of labor is likely to do more harm than good. Eli Lehrer | AM.