July 22nd, 2014
The minimum wage needs to be a living wage. The business-side discomfort with raising the wage would be more understandable if every sector was hurting. But it isn’t. The rich are richer than ever, corporate profits are at record highs, the stock market is soaring. We don’t need to coddle McDonalds and WalMart by paying their employees less than living wages. But in any case, raising the minimum doesn’t hurt the economy at all. It actually creates more jobs.