Van Lines
with Joe Vanden Plas
April 2013
04/02/13Minimum wage hike: When politics trumps economicsIn January of 2013, the month before President Obama called for a 25% increase in the federal minimum wage, the unemployment rate among African American teens was 37.8%. A strong majority of Americans, 71% according to a USA Today/Pew Research Center poll, support the measure, a tribute to the nation’s willingness to make the tradeoff of fewer jobs for higher pay. If enacted, it would result in less entry-level job creation than otherwise would occur. |
IB Editorial Director Joseph Vanden Plas, a Milwaukee resident, takes you inside his views on politics and its effects on business — from national initiatives to local irritants and inspirations. He encourages you to post a comment and be part of a dialogue.
