acemoglu29_Scott OlsonGetty Images_minimum wage protest Scott Olson/Getty Images

The Case for a Higher Minimum Wage

In their push to increase the US federal minimum wage from $7.25 to $15 per hour, President Joe Biden and his fellow Democrats are on solid ground not just economically but also politically. A higher wage floor would create an impetus for good jobs, which is precisely what Western economies are lacking.

BOSTON – Efforts in the United States to increase the federal minimum wage from $7.25 to $15 per hour have gained steam now that the Democratic Party controls the White House and Congress. Such a move makes sense both economically and politically.