Moderated by Rick Badie
Whether to raise the minimum wage remains a divisive political issue. President Barack Obama wants the federal hourly rate raised from $7.25 to $10.10. Today, a small-business proponent says a wage increase would hurt employers, while the founder of a liberal advocacy group offers an opposing view. Meanwhile, the head of a nonprofit wants the federal government to do more contract work with small businesses.
Support pro-growth policies
By Kyle Jackson
The debate over raising the minimum wage isn’t about policy. It’s about politics and playing to people’s emotions rather than good economic sense.
The argument in favor of raising the minimum wage comes down to this: You can’t raise a family on $7.25 an hour. If you were a politician, it would be awfully tempting to try to win votes by telling voters you think they deserve a 39-percent pay raise.
The truth, though, is that raising the federal minimum wage to $10.10 an hour wouldn’t