The President renewed his call for an increased minimum wage, observing that the current federal level does not represent a “living wage.” The NY Times argued in it’s Editorial Staff blog that even $10.10 an hour is not enough. Republicans have expressed concern that raising the minimum wage will eliminate some jobs that “aren’t worth” $7 per hour.
Who’s right? How should this be decided? To be discussed on Monday.
If you’d like to read some more…
Start with Wikipedia…
Center for Economic and Policy Research
Forbes (I think reasonably balanced), but you’ll judge for yourself
Congressional Budget Office
The February 2014 CBO Study (it’s not too long)
ABC News “Cliff Notes” Version
Feel free to comment if you think there’s a better source we should consider for Monday.