The Capitalist’s Case for a $15 Minimum Wage : Bloomberg View

By Nick Hanauer The fundamental law of capitalism is that if workers have no money, businesses have no customers. That’s why the extreme, and widening, wealth gap in our economy presents not just a moral challenge, but an economic one, too. In a capitalist system, rising inequality creates a death spiral of falling demand that […]

Cutting wages won’t create jobs : The Hill

By Jack Temple You know the summer has started when the restaurant industry fires up its annual campaign to blame the minimum wage for the lack of summer job opportunities for teens looking to make some side money. This year’s effort includes a new highlight: a billboard on West Pico Boulevard in Los Angeles, featuring […]

Living on Minimum Wage : The New York Times

At least one part of the labor force has expanded significantly since the recession hit: the low-wage part, made up of burger flippers, home health aides and the like. Put simply, the recession took middle-class jobs, and the recovery has replaced them with low-income ones, a trend that has exacerbated income inequality. According to Labor […]

Gomez, Markey Both Support Hiking Minimum Wage to $10 an Hour : National Review Online

In their second Massachusetts Senate debate, Gabriel Gomez and Representative Ed Markey further highlighted their differences – but also found some surprising common ground. Both would support raising the national minimum wage to $10 an hour, although Gomez noted he didn’t see making $10 an hour as being the American Dream (Markey said he agreed). Both […]