We describe the economic history of the rise of the American minimum wage between 1910 and 1968. Each new FLSA amendment led to a new peak in the real purchasing power of the national minimum. Exemptions to the FLSA were progressively closed and the share of workers covered finally increased...

Minimum wages have been among the most controversial government interventions in labor markets. There have been several waves of minimum wage activity over the past century, beginning with a 1912 Massachusetts law. Since 1938 minimum wages in the United States have been set by a complex array of...

We describe the economic history of the rise of the American minimum wage between 1910 and 1968. Each new FLSA amendment led to a new peak in the real purchasing power of the national minimum. Exemptions to the FLSA were progressively closed and the share of workers covered finally increased...

The late 19th and early 20th century British labour market experienced an influx of female clerical workers. Employers argued that female employment increased opportunities for men to advance; however, most male clerks regarded this expansion of the labour supply as a threat to their pay and...

The late 19th and early 20th century British labour market experienced an influx of female clerical workers. Employers argued that female employment increased opportunities for men to advance; however, most male clerks regarded this expansion of the labour supply as a threat to their pay and...

This paper summarises research on the mechanisms used by banks to align the interests of their workers with the goal of long-term profit maximization. Banking was characterised by moral hazard, and the monitoring technology of the period was far from perfect. The banks incentivized the workers...