Minimum wage hike might become policy, not just rhetoric anymore

Republicans might give in and

By Alec Brandon

Republicans might give in and vote to increase the minimum wage by two-dollars:

Under intense pressure from their moderate wing, House Republican leaders moved on Thursday toward allowing a vote Friday on an increase in the minimum wage before sending anxious lawmakers home for a month of campaigning in the battle for control of Congress.

Why is the minimum wage such a politically potent issue? Especially given the serious doubts about its effectiveness and the trackrecord of alternative policies with the same end.I hope you are happy, Hammond.Update: Greg Mankiw echos my sentiment, a good person to share your opinions with.