In the Headlines25 January 2012
Growing Support for Minimum Wage Increase
Fortune magazine looks at the increasing support for raising the minimum wage among prominent Republicans, which represents an “unusual convergence of political views” on the issue. “When [Republican presidential candidate Mitt] Romney, [New York City Mayor Michael] Bloomberg and [New Jersey Governor Chris] Christie all favor this, it is making some headway,” Paul Sonn of the National Employment Law Project, a Ford grantee, told the magazine. Research by another grantee, the Economic Policy Institute, found that a $9.50 hourly minimum wage would generate about $60 billion for low-wage earners over a two-year period.