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U.S. Minimum Wage Drops Another 3 cents/hour in April 2014

The Fair Minimum Wage Act before Congress (House|Senate) is a bill that would increase the minimum wage from its current $7.25/hour to $10.10/hour over the next two years. After that point, the minimum wage would automatically increase to keep pace with inflation — the tendency of currency to be worth less as time passes. I [...]

Another Year of Dithering, Another Year of Real Minimum Wage Cuts

Last March, I wrote about two bills before the U.S. Congress – H.R. 1010 in the House and S. 460 in the Senate. Together, these bills are known as the Fair Minimum Wage Act, and if passed they would increase the minimum wage from its current $7.25/hour to $10.10/hour over the next two years. After [...]

While Congress Dithers, Minimum Wage Drops 8 Cents in Two Months

The Fair Minimum Wage Act of 2013 (H.R. 1010 in the House and S. 460 in the Senate) is a bill that would increase the minimum wage from its current $7.25/hour to $10.10/hour over the next two years. After that point, the minimum wage would automatically increase to keep pace with inflation — the tendency [...]

Minimum Wage vs. CEO Pay Puts State of the Union in Context

In his 2013 State of the Union address, President Barack Obama called for a restoration in the minimum wage and a change to make it keep pace with inflation:

“We know our economy is stronger when we reward an honest day’s work with honest wages. But today, a full-time worker making the minimum wage earns [...]