shortlink here: http://wp.me/p2w2NH-nI
The minimum-wage stimulus
By Felix Salmon
June 20, 2013
Nick Hanauer has a good idea today: raise the minimum wage to $15 per hour.
The minimum-wage intervention would kill a lot of birds with one stone: it’s a win-win-win-win-win-win.
First of all, most simply and most cleanly, it would immediately raise the incomes of millions of cash-strapped Americans — precisely the people who most need to be earning more than they’re making right now. A whopping 51 million people would benefit directly, along with 30 million who would benefit indirectly: these are enormous numbers.