Budget office: $15 wage would reduce poverty, increase debt

WASHINGTON (AP) — Increasing the minimum wage to $15 an hour would reduce the number of Americans living in poverty and boost wages for millions of Americans while adding to the federal debt and joblessness, a new report from the Congressional Budget Office projects. The federal deficit would increase by about $54 billion over 10 […]

Guest Editorial by Gregory Parker: “The Minimum Wage Fallacy

“All those rejecting capitalism on moral grounds as an unfair system are deluded by their failure to comprehend what capital is, how it comes into existence and how it is maintained, and what the benefits are which are derived from its employment in production processes.”[1]~ Ludwig von Mises. Gregory Parker, Guest Editorialist to The Golden Hammer […]