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Zeitschrift
Jahresbericht 2020 // Universität Kassel
(Stabsstelle Kommunikation, Presse- und Öffentlichkeitsarbeit, 2021-05)
Working paper
The rational of minimum wages
(kassel university press, 2021-03)
Leaving labour markets to the market mechanism with flexible wages is the worst thing that can happen as the result would be a permanent destabilisation of the price level and an explosion of inequality—both of which adds to the instabilities of capitalism. Guarantee of minimum wages can play an important role to contain the destabilising potential of labour markets. They can add to the stability of price level development and help establish a type of wage dispersion preferred by society. Minimum wages do not lead ...
Zeitschrift
Jahresbericht 2019 // Universität Kassel
(Stabsstelle Kommunikation, Presse- und Öffentlichkeitsarbeit, 2020-05)