Friday, April 17, 2015

As Cities Raise Their Minimum Wage, Where's the Economic Collapse the Right Predicted?

http://www.motherjones.com/kevin-drum/2015/04/economic-collapse-prediction-minimum-wage-raise
"The bigger threat to the economy may come from not raising the minimum wage. Even Wall Street analysts agree that our ever-widening income inequality threatens to dampen economic growth. And according to a new study by the UC-Berkeley Labor Center, it's the taxpayers who ultimately pick up the tab for low wages, because the federal government subsidizes the working poor through social service programs to the tune of $153 billion a year."