The “real” reason behind the minimum wage push is to pay back the labor unions who helped re-elect the president in the form of higher wages, increased negotiating leverage, and less competition for jobs. The president’s decision to unilaterally hike the minimum wage for federal contract workers to $10.10 an hour doesn’t really make sense until you view it through that lens (is there a critical mass of federal contractors who make only the minimum wage?). Unfortunately, when it comes to politics, the good reason is rarely, if ever, the real reason.
Posted on: Fri, 31 Jan 2014 13:32:02 +0000
Trending Topics
Recently Viewed Topics
© 2015