Semi-Daily Journal Archive

The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury.

Tuesday, September 19, 2006

Economists for Raising the Minimum Wage

Via MaxSpeak:

MaxSpeak, You Listen!: REAL ECONOMISTS FOR RAISING THE MINIMUM WAGE: [Here's something for all the smug market fetishists who think stick figures are a worldly philosophy. -- mbs]

Dear Colleague:

Due to congressional inaction and lack of support from the current administration, the federal minimum wage has not been increased since September 1, 1997, nine years ago. Since that time, the value of the last increase has been completely eroded by inflation.

We believe that a modest increase in the federal minimum wage is long overdue...

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