September 28, 2013
CHART: Minimum Wage vs. Unemployment Rate, 1948 – 2012
Most Americans believe the minimum wage should be increased. It would make good economic sense, and it would help pull people out of poverty. But many Republicans in Washington say this is a non-starter because raising the minimum wage would be a job killer. But how do we know this is true? Should we just take their word for it? And come to think of it, calling something a job killer seems to be the boilerplate Republican response to just about anything these days, including Obamacare and raising taxes. Republicans aren’t lying to us, are they?