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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
President Obama made a proposal to raise the minimum wage money to $9 a hour and index it in line with inflation. A commission of $9.00 a hour is not in line with inflation. This proposal was instantly looked down upon by the top Republicans including Speaker John Boehner (R-OH) and Rep. Paul Ryan (R-WI), that claim this brand new wage money can kill jobs and harm tiny businesses. The Uniformed Commercial Code, U.C.C., in a nutshell, defines Money as: Any other form of payment recognized by the......Read More
Placing a minimum wage that is high seems like a natural method to help lift families out of poverty. Minimum salary target individual workers with low wages, rather than families with low incomes. As a result, a large share of the greater income from salary flows to higher-income families. Raising the minimum wage has become a popular proposal to fight rising inequality and poverty in the USA. Since the last federal minimum wage increase in 2009 to $7.25 per hour, 23 states have increased their......Read More
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