When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
The latest Economic Snapshot from the Economic Policy Institute:
The second part of a multi-stage hike in the federal minimum wage takes effect July 24, raising the wage from $5.85 to $6.55 per hour. But many states and the District of Columbia are a step ahead of the federal government when it comes to guaranteeing a fair wage. This week's Economic Snapshot illustrates which states have a higher-than-federal minimum wage.
Read the rest of the Snapshot.
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