Thursday, November 14, 2013

Minimum Wage

President Obama's proposed minimum wage increase to $10.10/hr with tipped wages being 70% of that is grossly inadequate, considering productivity increases, inflation, livability,  and corporate profits. But even that will be decried as radical and damaging to "job growth". There will be an increase in the minimum wage in 2014. But it will be more in the fifty cents to a dollar range. And politicians on both sides will hail it as "progress", and "help to the working man". The numbers of working poor will continue to rise.

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