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A wonky theory could explain why the minimum wage is stuck at $7.25 an hour hhoffower@businessinsider.com (Hillary Hoffower,Nick Lichtenberg) © Provided by Business Insider The federal minimum wage is still $7.25. Lucy Nicholson/Reuters Politicians still can't agree on hiking the minimum wage from $7.25 to $15. The economic theory of "Optimum Currency Area" (OCA) might explain why. The US is commonly thought of as an OCA, but $1 goes a lot further in Mississippi than it does in Hawaii. The federal minimum wage is currently at a standstill. President Joe Biden campaigned on ...

Lucy Nicholson/Reuters The economic theory of "Optimum Currency Area" (OCA) might explain why. The US is commonly thought of as an OCA, but $1 goes a lot further in Mississippi than it does in Hawaii. The federal minimum wage is currently at a standstill. President Joe Biden campaigned on raising the minimum wage from $7.25 to $15. But the $15 proposal was struck from his stimulus plan for not meeting the rules of budget reconciliation. Progressives have long been campaigning to hike the minimum wage, but have met with opposition from Republicans as well as more ...

Klein: A different way of thinking about cancel culture By Ezra Klein In March, Alexi McCammond, the newly hired editor of Teen Vogue, resigned following backlash over offensive tweets she’d sent a decade ago, beginning when she was 17. In January, Will Wilkinson lost his job as vice president for research at the center-right Niskanen Center for a satirical tweet about Republicans who wanted to hang Mike Pence. (Wilkinson was also suspended from his role as a New York Times Opinion contributor.) To debate whether these punishments were fair is to commit a category error. These weren’t ver...

Ezra Klein: Another way of thinking about cancel culture We would all do better to remember that what feels like an offhand tweet to us could have real consequences for others. An undated portrait of Ezra Klein of The New York Times. (Anastasiia Sapon/The New York Times) By Ezra Klein | The New York Times   | April 18, 2021, 7:00 p.m. In March, Alexi McCammond, the newly hired editor of Teen Vogue, resigned following backlash over offensive tweets she’d sent a decade ago, beginning when she was 17. In January, Will Wilkinson lost his job as vice president for research at the center-right ...

We've arrived at the social-commentary equivalent of mutually assured destruction.