In his 2013 State of the Union address President Obama’s called on Congress to raise the minimum wage. Subsequently Senator Tom Harkin (D-IA) and Representative George Miller (D-CA) introduced the Fair Minimum Wage Act of 2013. It would raise the federal minimum wage to $10.10 per hour.
It’s a classic argument offered by Libertarian economists; “an increase in the minimum wage will kill jobs.” The problem with the argument is that the facts show this isn’t the case. A 2011 study found that minimum wages don’t hurt the employment prospects of low-wage workers.
Last night’s State of the Union address by President Barack Obama covered a long list of domestic and foreign policy initiatives common to such messages. The President called on congress to pass entitlement reforms and other legislative initiatives rather than moving from one manufactured crisis to another.
UPDATED We’ve got a showdown coming between the Governator Arnold Schwarzenegger and the Controllernator John Chiang. Here is Chiang’s letter to Schwarzenegger. Today Governor Arnold Schwarzenegger made good on his promse to issue an Executive Order cutting state worker pay…
The LATimes reported on thursday that Governor Schwarzenegger plans to issue an executive order next week cutting the salaries of almost 200,000 state workers if the Legislature doesn’t pass a state budget by August 1st. In a press statement, State Controller…
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