News
WSJ | OECD Jobless Rate Fell in April
The rate of unemployment across the 34 nations that are members of the Organization for Economic Cooperation and Development fell in April, but the number of people without jobs remained 10.3 million higher than before the onset of the 2008 financial crisis.
Econ Comments & Analysis
Washington Times | Seattle and the price of a ‘living wage’
The voters of SeaTac, Wash., a suburb of Seattle, lined up in big numbers last spring to show how much they care about the poor, voting to mandate a “living wage” of $15 an hour for workers in the city’s hospitality and transportation industries. Since the beginning of the year, businesses have had to pay an extra $5.68 an hour on top of the state’s minimum wage of $9.32 an hour.
Blogs
WSJ | Vermont Pushes Minimum Wage to New Highs
Vermont became the first state to approve a minimum wage above President Barack Obama’s $10.10 an hour goal, potentially creating a series of oneupmanship that could elevate wage floors in pockets of the country.
