Tuesday, September 9, 2014


CNN Money | L.A. mayor calls for $13.25 minimum wage
Los Angeles Mayor Eric Garcetti's proposal would provide raises for 567,000 city workers, if approved by the city council.

Econ Comments & Analysis                                                                                            
Market Watch | Minimum-wage hike will give labor pains
Economists have long believed that when you increase the minimum wage, the economy loses jobs. However, once you get outside the ivory tower of academia, you find few adherents to this basic economic principle — until now.
Fox Business | Minimum Wage Hikes: 4 Ways to Prepare Now
In his 2014 State of the Union address, President Barack Obama urged Congress to raise the national minimum wage from $7.25 an hour to $10.10. Since then, 10 states have voted to increase their minimum wages, and many more states, counties, towns and individual businesses plan to raise, or discuss raising, their hourly employees' pay rates in the coming years. | Would You Like Fries With Your Unemployment Check?
Fast-food workers engage in a nationwide "Fight for 15" while ignoring the economic reality of higher prices, fewer jobs and the sawing off of that first rung on the economic ladder of success.