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Being the type compassionate souls Americans are, we get tricked into believing things because we want them to be true. Wages, jobs, and poverty are passionately debated and exceptionally prone to optimistic misinformation and logical fallacies. Minimum wage and the notion of a "living wage" are examples of just that. They sound useful and nice, but in practice they do much more bad than good. They displace jobs and discourage hiring, trigger increases in cost levels, plus they don't assist the......Read More
Although the federal minimum wage has remained at $7.25 a hour since 2009, most Americans are currently covered by greater minimums determined by local and state legislation - from Los Angeles to New York country to Washington, D.C. Organized labour and anti-poverty classes continue to drive for $15 a hour as the new standard for all workers paid hourly, although given Republican control of Congress that possibility appears dim. While the concept of raising the minimum wage is broadly popular, a......Read More
It's a honor to be invited here today to talk about how a fair minimum wage can help families support and also succeed broad-based income increase in our society. Raising the minimum wage and ensuring that its value remains at a reasonable amount with time by indexing it to the price of living will probably establish a stronger initial rung on the ladder to economic protection. The minimum wage is the cornerstone of a group of policies, including the Earned Income Tax Credit, the Affordable Care......Read More
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