News
Politico | President Obama to focus on long-term unemployed
President Barack Obama on Friday will call on companies to help the long-term unemployed find jobs and issue a presidential memorandum pledging the federal government to do the same.
CNN Money | Minimum wage since 1938
When the federal minimum wage first became law in 1938, it was 25 cents. Adjusted for inflation, that would be worth $4.13 today. Scroll over the chart to see historical minimum wage amounts, and their corresponding values in today’s dollars.
Market Watch | Fourth-quarter Employment Cost Index rises 0.5%
The employment cost index, which measures the price of U.S. labor, rose 0.5% in the fourth quarter. Economists polled by MarketWatch expected a seasonally adjusted 0.4% gain, following a 0.4% increase in the third quarter.
Econ Comments & Analysis
Forbes | Almost Everything You Have Been Told About The Minimum Wage Is False
The Democrats, their union supporters, and liberals in general are making a hard and concerted push for an increase in the minimum wage. President Obama mentioned the subject prominently in his State of the Union address on Tuesday night and even promised to take executive action to increase the minimum wage federal contractors must pay their workers starting in 2015.
