Social Sciences
4 years ago

Minimum wage firms benefit most from increased migration, study finds.

Monopsony, Minimum Wages and Migration
Eric Strobl, Frank Walsh

Paper Summary

The article shows that when more people move to an area, jobs increase more in places that pay the minimum wage. This is because firms that pay less than the minimum wage can't attract enough workers, so they hire more when more people move in. This is based on a study in Thailand.

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