In my last few articles, I have discussed some of the benefits of raising the federal minimum wage and why we should regulate the federal minimum wage outside of politics. While I have clarified my stance, hearing perspectives from the other side of the aisle is essential. As an economics student who likes to get the complete picture of any issue I am discussing, it would be a disservice to you, the reader, and Myself if I did not fully flesh out this contentious issue. In this article, I will address the issue of Unemployment and the minimum wage. When Continue reading Does Raising the Federal Minimum Wage Reduce Jobs?
In my last blog post, I discussed the possible benefits of raising the federal minimum wage to 15 an hour. I noted that this is a critical discussion to have, and it is also very complicated. Given the issue’s complexity, many people, politicians, and protestors don’t have a complete picture. Instead, individuals rely on the political or physical benefits the minimum wage discussion brings directly to them rather than fully understanding all sides of the issue. While I am by no means different from these people, I hope that this particular blog post will convince you to look at the Continue reading Depoliticising the Federal Minimum Wage
In my last blog post, I discussed the frustration of tipflation, pointing to a real living wage as a solution. And so, it is paramount that we discuss the Federal minimum wage and the benefits of raising it. Last changed in July of 2009, the Federal minimum wage has remained at a meager $7.25 an hour. But more concerning, The Federal minimum wage is not tied to inflation, meaning Congress must manually raise the wage with a new policy every few years. When we look at the 2007 Federal wage adjusted for inflation, the minimum wage has decreased by 28% Continue reading Raise the Wage: A Discussion on The Benefits of Raising the Federal Minimum Wage
It’s 12 o’clock in the afternoon, and like you, thousands of Americans need their midday coffee. You stroll to your local coffee shop and get in the long line. You shuffle forward and order your drink. You know prices have been rising because of inflation, but you are happy to pay 5 dollars for your afternoon latte. You pay and turn to wait for your drink, but suddenly, the barista turns around their iPad, and you are presented with 3 tipping options. Not trying to take up anyone else’s time and fearing that the barista can see your tip, you Continue reading Tipping Fatigue: Why Americans Say Tipping is Out of Control