(Tethysimagingllc/Dreamstime.com) The House just recently passed the Wage Act to raise the minimum wage to $15 per hour. In the midst of their self-congratulatory back slapping, comments like "it’s an important step towards creating an economy that works for everyone" were tossed around. But is that statement true?
Yes, it is true that surviving on $8 or $9, or even $10 an hour, particularly in expensive metropolitan areas like New York, Los Angeles, or San Francisco, is difficult if not impossible. But raising the minimum wage is not going to provide a pathway out of poverty for workers making so […]
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