Slip Slidin' Away: $5.15 an Hour Isn't Enough

By Susan J. Bottino

WHY A MINIMUM WAGE

For more than 60 years people who make the lowest wages have received protection against those wages being even lower. That protection has come from the government, in the form of minimum wage laws because, as James K. Galbraith aptly put it, “…relative wages are much more a matter of politics, and much less a matter of markets, than is generally believed.”

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