Raise the Minimum Wage or Cut Low-Wage Taxes?
Category: BUSINESS
President Obama just called for an increase in the federal minimum wage from $7.25 to $9.00 an hour. Yet he made no effort to save the "temporary stimulus" 2% payroll tax cut. So what's better for low-wage workers: an increase in the minimum wage or a decrease in payroll taxes?
By Mary (Polly) Cleveland, Contributor
Economist, 2013-02-17