What happens when the US increases its minimum wage?

New York (AFP) – Progressive lawmakers this week formally launched an effort to hike the US minimum wage, introducing legislation to gradually raise it from $7.25 to $15 an hour. The proposed increase is much larger than those in the recent past, but supporters argue it is warranted because it has been more than a decade since the wage was lifted, and the current minimum wage is too little for life in the United States. When did the United States get a minimum wage?First enacted by Congress in 1938 as part of the Fair Labor Standards Act, the wage has been amended several times, most recently …

Read More

HEDGE accordingly