Why Are We Fighting Over Minimum Wage?

During last week’s State of the Union, President Obama called on Congress to raise the federal minimum wage from $7.25 to $9 per hour. This is the kind of low-hanging fruit that political careers used to be built upon, but in Washington today every issue is a struggle of titanic proportions. President Obama’s commonsense proposal was met with raucous applause in Congress, before being summarily and roundly chastised by the Republican Party and its media affiliates. Continue reading

Unemployment Hits Four-Year Low

The national unemployment rate in the United States as of December 7, 2012 is
7.7 percent and the economy created 146,000 jobs in the month of November,
according to the Bureau of Labor Statistics (BLS). This the lowest monthly rolling unemployment figure since December 2008 and officially the lowest rate of the Obama administration – many pundits had expect the rate to climb toward 8.0. Continue reading