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2/13/2013 5:22:52 PM
61
Obama To Push For Minimum Wage Increase
[url=http://money.cnn.com/2013/02/12/news/economy/obama-minimum-wage/]From his State of the Union[/url]... up to $9/hour. Some states already have minimums above this.
What do you think pseudo-economists of Bungie.net? Good idea or bad idea?
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In Australia the min wage is more than $15/hour - it's a question of productivity improvements and meeting an equilibrium. Increasing the minimum wage can take people off of welfare and simply reduce inequality if it's implemented at the right time. Granted, probably not a good idea to induce a shock to the labour market in the US at the moment. In principle however not a bad policy.
