If raising the minimum wage to $12 or $15 per hour will raise the standard of living for the working poor, why stop there? Why not raise the standard of living for the middle class as well by increasing the minimum wage to, say, $25 an hour? If we raised it to $100 an hour, we could have the best standard of living in history!
Summers, Adam.. ‘Living Wage Law Isn’t Answer for CA: Laws Defy Basic Economics and Hurt Intended Beneficiaries.’ Orange County Register.
Monday, August 18, 2003
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