Don’t buy into minimum wage myths this election
Oct. 19, 2014Every few months, a new issue takes prominence on the political scene, and most people quickly embrace a solution before considering any of its consequences. The latest political trend to gain popular support has been increasing minimum wage from its current federal rate of $7.25 an hour to $10.10 per hour. Supporters of a minimum wage increase often frame such a proposal as a cure-all for what ails the U.S. economy.