Minimum1010: It’s Time
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Since 1938, when the first minimum wage was established in the U.S. at the federal level, economists, politicians and others have argued the merits and potential pitfalls of a mandatory minimum wage. Reports full of charts and data abound and we draw them like sabers to support our case or refute the opponent’s. People approach the subject from myriad angles. For some, it’s all a matter of payroll costs versus productivity versus turnover. Others look at the imposition of a wage floor as an ethical matter.