The first raise in the U.S. minimum wage in a decade has become a very likely possibility following Tuesday's Democratic election victories and passage of minimum-wage ballot measures in six states. President Bush suggested Wednesday that he would agree to a hike in the federal minimum, set at $5.15 an hour since 1997. (Los Angeles Times, Thursday)
No one will notice the victims.
FEE Timely Classic
Unemployment by Legal Decree by Bettina Bien (Greaves)