Tag Archives | james galbraith

McDonalds

$12/hour minimum wage?

Saving our economy is only a minimum wage hike away, according to James Galbraith. Galbraith is not the first to commit such a basic economic error, as we have pointed out. In Galbraith’s words: “Raise the U.S. minimum wage. By a lot — let’s say, to $12 an hour, from the current rate of $7.25.”…
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