The $9 Minimum Wage and 11 Other Big Ideas in Obama's State of the Union
Here’s what’s worth talking about in the President’s speech which you can read here; a policy primer is here. A $9 minimum wage by 2015? It’s not a coincidence that Alan Krueger the president’s top economic adviser is the author of important research on the effects of minimum wage on employment. The proposal would raise the federal minimum wage to $9 an hour in 2015 from $7.25 and also lift the lower minimum wage on tipped employees. It will also index the minimum wage to inflation an idea borrowed from Obama’s erstwhile competitor Republican presidential candidate Mitt Romney. The White House notes that at the ...
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