Minimum Wage Increase Comes with Cadre of Potential
Complications
Andrew Soergel - U.S. News & World Report - Tuesday,
December 22, 2015
New Year's Day is still more than a week off, but 2016 is
already shaping up to be the year of the minimum wage increase.
Alaska, Arkansas, California and Colorado are among about a
dozen states due for minimum wage upticks at the turn of the year, with
more increases and more potential legislation already in the pipeline for later
in 2016 and beyond.
The federal minimum wage currently sits at just $7.25 per
hour, though waiters and individuals who receive a bulk of their income through
tips can legally earn even less. Vermont Senator and Democratic presidential
candidate Bernie Sanders is among a host of politicians championing higher
wages as a means of revitalizing the middle class.
But the jury is still out on how much minimum wage gains
would actually help the U.S. economy and the middle class. Some studies suggest
government-mandated wage hikes are actually detrimental to the American
workforce.
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