The war over the minimum wage
If the Federal minimum wage is increased, and Mr. [Warren] Buffett is correct that you do lose some employment as you increase the minimum wage, it will likely impact only a fraction of those 2.6% of American workers, a tiny amount. So why not just do it? Tomas Mega, our US Correspondent,explains
In April, Democrats suffered two defeats in their effort to gradually raise the Federal minimum wage from $7.25 an hour to $10.10 an hour. The first defeat was expected, as the U.S. Senate voted against the measure. Despite Democrats controlling the Senate, they needed sixty votes to overcome a Republican filibuster of the bill. They got fifty-four. Even if they got the required sixty votes, the measure would surely have died in the Republican controlled U.S. House of Representatives.