Wednesday, November 22, 2006
BusinessWeek's Take on the Minimum Wage
BusinessWeek seems to come down largely on the side of a minimum wage increase. After much talk about the "ripple effect" that an increase will have on incomes more generally, they do note the rise in costs and job losses that may occur. However, they quickly go back to an economist who says there won't be many job losses. Overall, I count 5 paragraphs that are favorable to a minimum wage increase, and 2 that are unfavorable.