A Living Wage for Capitalism

A Living Wage for Capitalism
AP Photo/Mike Groll

Higher nominal wages for low-paid workers can boost real earnings, increase consumer spending, and help make housing more affordable. And insofar as raising the minimum would increase companies' wage bill, it would create a stronger incentive to replace labor with capital, which could lay the foundation for renewed productivity growth.

Read Full Article »


Comment
Show comments Hide Comments


Related Articles

Market Overview
Search Stock Quotes