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The decline in the real value of the minimum wage is indisputable. As shown in the chart below, the real value of the federal minimum declined sharply over the 1980s, and then further in the mid-2000s, before partly recovering with the fairly steep increases in the minimum wage in 2007-9.
Tags » Minimum Wage
“I don’t look that far ahead.”
Paul Riechers lives one day at a time, trying not to picture where he’ll be in a few years. That would only lead to disappointment. 1,789 more words
The National Federation of Independent Business (NFIB) today released an ambitious legislative session for next year that features tax and regulatory reforms to improve New York’s notoriously bad business climate and legal changes to eliminate predatory lawsuits. 628 more words