Daily Clips: May 1st, 2015
Picking Up the Tab for Law Wages
New York Times – Editorial Board.
This morning, the Editorial Board for the New York Times diagnosed America’s low wage problem and offered a solution: raise the federal minimum wage.
Depressed wages, they argue, are the consequence of “outdated policies and lack of public awareness, that may, at long last, be changing for the better.”
They’re right. We must expand the economic pie for all Americans – not merely divvy it up more fairly. Indeed, one study by the Economic Policy Institute showed that increasing the federal minimum wage from $7.25 to $10.10 (an increase lower than Sen. Patty Murray’s recent proposal) would grow the economy by $22 billion.
Kansas shows us what could happen if Republicans win in 2016: Catherine Rampbell outlines how Kansas’ tax cuts and government-program slashing offers an example of what could happen to the US economy if such policies were enacted on a federal level.
Forbes runs with false Q13 Report on the minimum wage: Mr. Worstall is so desperate to prove that increasing the minimum wage would be bad for business, that he’s failed to do any substantial journalism. If he had done some reporting, he would have found that Seattle’s Food Business Count has actually dramatically increased since 2013, as Nick Hanauer pointed out yesterday.
Robert Reich writes about the political roots of inequality: In his usual erudite way, Reich aruges that wages in America have stagnated because of “changes in the organization of the market.”
Moreover, this economic benefit of raising the minimum wage doesn’t even take into account the $4.6 billion a year we would save from lower government spending on SNAP if the minimum wage were to increase to $10.10.
Kansas shows us what could happen if Republicans win in 2016: Catherine Rampbell outlines how Kansas’ tax cuts and government-program slashing offers an example of what could happen to the US economy if such policies were enacted on a federal level.
Forbes runs with false Q13 Report on the minimum wage: Mr. Worstall is so desperate to prove that increasing the minimum wage would be bad for business, that he’s failed to do any substantial journalism. If he had done some reporting, he would have found that Seattle’s Food Business Count has actually dramatically increased since 2013, as Nick Hanauer pointed out yesterday.
Robert Reich writes about the political roots of inequality: In his usual erudite way, Reich aruges that wages in America have stagnated because of “changes in the organization of the market.”
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