Why it hurts the poor more than helps. President Obama made headlines in January when he called for raising the minimum wage from $7.25 an hour to $9 and tying future increases to inflation. Politically, calling for a higher minimum wage is a winner. This week, New York’s state assembly voted to implement Obama’s plan locally. On the national level, ... MOREJohn Fund: Minimum Wage Equals Maximum Confusion
Why it hurts the poor more than helps. President Obama made headlines in January when he called for raising the minimum wage from $7.25 an hour to $9 and tying future increases to inflation. Politically, calling for a higher minimum wage is a winner. This week, New York’s state assembly voted to implement Obama’s plan locally. On the national level, ... MORE