After months of fevered lobbying and bitter debate, the Chicago City Council passed a groundbreaking ordinance yesterday requiring 'big box' stores, like Wal-Mart and Home Depot, to pay a minimum wage of $10 an hour by 2010, along with at least $3 an hour worth of benefits. (New York Times, Thursday)
From the book How to Drive Jobs Out of Town.
FEE Timely Classic
Decency Requires a Minimum-Wage Law? It Just Ain't So! by Aeon J. Skoble