July 28, 2006

Minimum wage hike might become policy, not just rhetoric anymore

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.