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Why Raising the Minimum Wage is Good for the Economy.President Obama reiterated his call for increasing the federal minimum wage in his speech on the economy last week. "Because no one that works full-time in America should have to live in poverty, I'll keep making the case that we will need to raise a minimum wage which in real terms is lower than it was when Ronald Reagan took office," he explained. Increasing numbers of lawmakers and worker advocates agree, calling for increasing the......Read More
Calls for wage increases-at the federal, state, and local levels-are based on the premise that increases in the minimum wage will probably improve the economic well-being of workers. One area of attention in the discussion is whether a minimum wage increase could actually impact many workers. Many skeptics have argued that only a very modest share of workers actually get the minimum wage, and furthermore, that many of these workers are not fighting adults, however, rather teenagers from wealthy......Read More
Cast your mind back to a year ago - and now I am sure we all remember a particular subset of "Home owners" ranting on about how far they'd made on their homes and the way renters were throwing money away. Those people were pleased to withdraw equity from their homes and invest it on vacations, 4x4s and the latest designer kitchen. This group were quite pleased to pocket the money and live the high life while costs went up. One year on - and also things have changed. Rates are no longer going up,......Read More
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