House Speaker John Boehner’s (R-OH) swift rejection of President Obama’s proposal during the State of the Union to raise the federal minimum wage from $7.25 to $9 has reignited a long running, contentious battle over the economic consequences of a price floor for labor. Perhaps predictably the latest skirmish has begun with a salvo of economic studies from each side.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=92041