Minimum wage
? One of the most controversial proposals recently from 1600 Pennsylvania Ave. is a 24 percent increase of the minimum wage from $7.25 to $9 per hour. Traditionally, the minimum wage has been criticized for "being market-distorting" and "causing employers to let employees go." However, many economists now argue increasing wages incentivize companies to retain employees, because training new ones is costlier. Moreover, evidence suggests this increase may actually give the economy a lift by boosting demand and driving up sales. In the end, both the worker and the ...
