The Seattle city council overwhelmingly voted in favor of passing an ordinance that would raise the minimum wage to $15 over a period of several years. The measure would commence Apr. 1, 2015 and the phasing in would be different for four different groups. The issue has dominated … [Read more...]
Federal Reserve weighs in on minimum wage debate, warns of job losses
This week, the minimum wage debate was been kicked in to overdrive after fast-food workers across the country began protests and former Massachusetts Republican Governor Mitt Romney argued in favor of increasing the minimum wage. After months of policy debates and reports, will the … [Read more...]
Obama Band-Aid: Raising minimum wage is not a viable solution
United States President Barack Obama has been arguing as of late for a minimum wage of $10.10 per hour, an increase from the current federal $7.25. He garnered support from a large number of economists in January, but on Friday he received opposition from more than 500 economists … [Read more...]
