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The Case for a High Minimum Wage

http://www.nytimes.com/2014/02/09/opinion/sunday/the-case-for-a-higher-minimum-wage.html?hp&rref=opinion&_r=0

by ksvarma • 12 years ago

1 4 12 years ago

NY

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4

ksvarma3• 12 years ago

1) These are not teenager summer jobbers, Avg age is 35; most work full time; more than one-fourth are parents; and, on average, they earn half of their families’ total income. 2) This is an old debate since 1968 - $10.10 an hour by 2016 (also adjusted to 2013 dollars) would lift the minimum to just above its real value in 1968. 3) Doesn't hurt employment

ksvarma3• 12 years ago

http://s4.epi.org/files/2013/EPI-top-charts-2013-11.png

ksvarma3• 12 years ago

http://www.epi.org/publication/top-charts-2013/

sharemywin• 12 years ago

It's just a shame it's not spread out over a longer period of time so business can adjust more slowly. Most service business will be effected if their labor costs go up by 30%.

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