Presto, change-o and workers will be hurt. Apparently America’s employees were better off in 1968 than they are
today. At least, such is the claim of the labor-backed activists and the
AFL-CIO’s
chief economist. By their telling, the minimum wage has lost value — if
it were fairly adjusted since the late 1960s, it would today be set at
$10.58. ... MORERichard Berman: Raising Minimum Wage Is Bad Magic Trick
Presto, change-o and workers will be hurt. Apparently America’s employees were better off in 1968 than they are
today. At least, such is the claim of the labor-backed activists and the
AFL-CIO’s
chief economist. By their telling, the minimum wage has lost value — if
it were fairly adjusted since the late 1960s, it would today be set at
$10.58. ... MORE