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1 [i] (1980)

handle is hein.amenin/aeiabrt0001 and id is 1 raw text is: Minimum Wages, Fringe Benefits, and Working Conditions, by Walter J. Wessels, examines the effects of increases in the minimum wage. In addition to considering the effects of minimum wages on wages and employment, this study takes account of their effects on fringe benefits and working conditions: it shows that employers are likely to reduce fringe benefits and let working conditions deterio- rate, so as to offset the higher wage cost mandated by minimum wages. In addition, they are likely to increase the work pace and reduce the training of workers. The theory and evidence presented in this monograph suggest that these offsets are extensive and that many workers lose more from them than they gain from the higher wages mandated by the minimum wage law. Increases in the minimum wage may have far fewer positive benefits and more negative effects than previously suspected. This study differs from earlier ones by considering the effects of nonwage offsets. It also analyzes more carefully how minimum wages affect unemployment and how their effects have been mis- interpreted by many authors. In particular, a decrease in unem- ployment is shown to imply that the workers who remain uncovered or unemployed have been made worse off by increases in the min- imum wage. Walter J. Wessels is assistant professor of economics and busi- ness at North Carolina State University. US $12.00 ISBN 13 978 0 8447-3413 2 ISBN-10 0 8447 3413 6 111 1 51200 9 7 80844 7 3413 21

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