Flash: Minimum Wage Too Damn Low
AFL-CIO Who says economic policy has to be wonkish and dry? Not John Schmitt, senior economist at the Center for Economic and Policy Research (CEPR). He gets right to the point in his new report, “The Minimum Wage Is Too Damn Low.” The minimum wage was last increased—to $7.25 an hour—nearly three years ago. He writes that the minimum wage is now far below its historical level by all of the most commonly used benchmarks—inflation, average wages...