The Impact of Minimum Wage Changes on Employment and Guam s Labor Force

Abstract

This study analyzes the impact of minimum wage legislation on Guam for the period 1975 to 1982. Estimates were made using time-series data to determine the impact on the minimum wage on Guam's labor force. Conclusions are drawn as to the policy implication for Guam of continuing increases in the minimum wage without regard to the differences in average wages of Guam and those of the United States.