The Senate Should Take a Long Look at SEED II
(Archived document, may contain errors) 160 September 27, 1990 TM SKiATE SHOUM TAKE A LONG LOOK AT SEM 11
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(Archived document, may contain errors) 160 September 27, 1990 TM SKiATE SHOUM TAKE A LONG LOOK AT SEM 11
have proposed gradually increasing the federal minimum wage to $15 per hour by 2025, with the stated intention to raise the pay of low wage workers. Sounds like great news for the low‐paid, doesn’t it? An old saying from economist Thomas Sowell is that “there are no solutions, only trade‐offs.” That is as true about the minimum wage as anything else. The Congressional Budget Office summarizes the mainstream economic consensus on the effects of the Democrats’ proposed aggressive major minimum wage hike fairly well — and I don’t think the trade‐off is worth it. Y...