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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
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
After two weeks of detailing the arguments for and against increasing the federal minimum wage - interviewing economists and policy specialists, poring over a flood of mails by workers and business owners, reading scads of papers pro and con - I've reached an important conclusion: This matter is really complex. I realize that doesn't sound significant, but in the context of our current national debate over the minimum wage, it is really very fundamental. That's the reason Democrats, by President......Read More
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