All Posts Tagged With: "fringe benefits"
Raising the Minimum Wage Will Do No Harm?
President Bush and the Democratically controlled Congress had all but done it. As this goes to press, they are on the verge of hiking the federal minimum wage, which has not budged since 1997. The minimum wage will have risen by 70 cents, or to $5.85, an hour by the time these words are read. [...]
1Mar2007 | Richard B. McKenzie | 3 comments | ContinuedMinimum Wage, Maximum Folly
The big Associated Press story for last October 11 was that “More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been ‘fully eroded.’ ” Among these economists were Nobel laureates such as [...]
1Mar2007 | Walter E. Williams | 0 comments | Continued-
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