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The inherent interest of economists in the minimum wage is centered upon the classic query of cost-benefit; that is, does the benefit derived from the production of a particular employee justify the additional cost to the employer of the higher wage that an employee will be paid after an increase in the minimum wage (Brown, Gilroy, & Kohen, 1982)? Ankara Takes Another Step Each Day in Relations with Iraq," Turkish Daily News, October 17, 2000; Sami Kohen, "Irak Politikasi Degisiyor," Milliyet, October 12, 2000. In the Torah, it is the High Priest who is kohen ha-mashiah (Lev 4:3, 5). |
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