Minimum Wage Hike.: A Poor Idea During a Recession?


EVER since the Fair Labor Standards Act in 1938 set up a federal minimum wage, there have been few public issues in the U.S. on which there was so much agreement on the rightness of the goals and so much disagreement on how to get there. Last week the debate was fueled anew. In his economic message, President Kennedy urged Congress "to raise the minimum wage immediately to $1.15 an hour and to $1.25 within two years.'' The President also recommended that the Fair Labor act be broadened to include "several...

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