February 17, 2013
The U.S. President wants to up the national minimum wage to $9 per hour. How daring.
Such pushes to increase the legal minimum wage often succeed. Theres no mystery why. Most folks wages are not directly affected; we work for far more than that minimum. So its about other people. One consequence of this is that we dont think very carefully about the logic of the regulation.
Which is why so many of us simply bow to social pressure, thinking that opposition to raising the minimum wage is uncaring....