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Wednesday, May 28, 2014

Employment

News                                                                                                                             
CNN Money | Michigan raises minimum wage to $9.25
The minimum wage has gotten a boost in Michigan, the latest in a growing number of states where lawmakers voted this year to raise the wage.

Econ Comments & Analysis                                                                                            
LA Times | A higher minimum wage -- at what cost?
Washington politicos want to know which way popular winds are blowing so they can set their sails accordingly. Rarely, though, are they as explicit as President Obama in citing public opinion as a justification for policy. When pressed to defend his call for a $10.10 minimum wage, Obama routinely points to the November 2013 Gallup poll wherein 76% of respondents said they favored a higher minimum wage. A higher minimum wage is "what America wants," asserts the president.