Why a federal minimum wage law?
There are libertarians and/or credible economists that continue arguing the justification of a minimum wage rate. Currently, all of the world's industrial nations have government laws similar to our federal minimum wage rate, or some quasi-government organization...
How inflationary is the federal minimum wage rate?
Although labor contributes a substantial portion, labor is only a portion of aggregate products' costs; (this is true even among service products). The federal minimum wage rate effects Low-wage labor and has extremely little proportional...
H.R. 582, “Raise the wage act” is a good bill, but opponents of the bill will refrain from mentioning the minimum hourly rate will not be $15 until 7th year after the bill's passage.
In the likely case that it's not passed through and added to our federal statutes, I urge U.S. Congressional...
How does the federal minimum wage rate effect all USA wage rates?
If the theoretical indefinite U.S. markets' determined minimum wage rate is $5/per Hr,
If X = $5/per Hr; ($7.25 -X)/per Hr. = is the difference between the federal and market's minimum rates.
Difference between the federal and...