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Minimum wage

Obama’s no-growth economy grinds to a halt

WASHINGTON, April 28, 2016 — Recently released figures indicate that U.S. economic growth in the first quarter of 2016 was only 0.5 percent. The three previous quarters had growth of 3.9, 2 and 1.4 percent  respectively. After almost seven years of President Obama’s non-existent recovery, it now appears that the economy is grinding to a ...

California Gov. Jerry Brown approves minimum wage increase to $15

SACRAMENTO, March 29, 2016 — The state of California is planning on raising its minimum wage to $15 an hour. According to worker group “Fight for $15,” the increase will boost the wages of nearly 6 million California workers who currently earn less than $15. California will join several West Coast cities that have already ...

Why Big Business loves minimum wage increases

WASHINGTON, October 8, 2015 − Many policy makers seem to live in a dream world. “It is terrible that the working poor have to live on such a low minimum wage,” they say. They address this problem by arbitrarily raising the minimum wage, although many jobs are worth less than the amount they set. This ...

Gravity Payments $70K minimum salary: Employees quit, company may fold

WASHINGTON, Aug. 3, 2015 − Four months ago, Gravity Payments CEO Dan Price decided to pay every one of his employees at least $70,000 per year. The move was widely hailed in the media as an idea whose time has come. But the actual results for this credit card processing company have been that experienced employees ...

New York Times editors apparently don’t understand economics

WASHINGTON, May 21, 2015 – A May 21 editorial in the New York Times notes that Los Angeles has just agreed to raise their minimum wage to $15 per hour. This is “all good” according to the Times. While a reader can certainly understand the NYT editorial view desiring to correct a perceived social injustice, ...