MINIMUM WAGE: How Much Is Just Enough?

How Much Is Just Enough?

Congress and President Bush both agree that the $3.35-an-hour minimum wage, which has not been raised since 1981, needs a boost. But a conflict is brewing over just how far to hike it. Had the wage kept pace with inflation, it would stand at $4.46 an hour today. Bush has threatened to veto any bill that provides a base rate of more than $4.25. Last week the House passed a measure that would gradually increase the wage to $4.55 by 1992. The Senate, scheduled to take up the issue next week, is unlikely to adopt a rate any closer to Bush's...

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