Thursday, February 14, 2013

Really minimum wage

Should we raise our minimum wage to $9/hour as proposed by Mr. Obama?  In Connecticut it is now $8.25, in Massachusetts $8.  Looking at other countries, we see that our minimum wage is really minimum.  Here it's 38% of median full-time wages, in countries such as France or New Zealand it's greater than 60%.  In a study by the ILO, only Japan and Spain had lower minimum wages than we did.

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