Business: Columnists and Blogs - The Washington Post: A $15 minimum wage is a terrible idea

Business: Columnists and Blogs - The Washington Post Check out columns and blogs from the Washington Post Business section for business policy news, economic and domestic policy news, personal finance news, technology reviews, local business news and much more.

A $15 minimum wage is a terrible idea Jun 22nd 2013, 13:03 Raising the minimum wage is so hot right now. President Obama, of course, proposed increasing the federal minimum from $7.25 to $9 an hour, and indexing it to inflation thereafter, in this year's State of the Union address. Rep. George Miller (D-CA) and Sen. Tom Harkin (D-IA) introduced legislation to established a $10.10 an hour minimum. The Center for American Progress's massive economic growth plan calls for setting the minimum at one half the average wage for production and non-supervisory workers; at the current average, that means a minimum of $10.04 an hour. A recent report from the New America Foundation's Michael Lind includes a long argument for the superiority of the minimum wage to other means of raising wages, like the Earned Income Tax Credit. Read full article >>

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