Tue., 4/10/12: Maximizing the Minimum Wage

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Maximizing the Minimum Wage
In 1912, Massachusts became the first state in the Union to set a minimum wage to protect women and children. Twenty years later, the Great Depression made this a national concern. In 1938, President Roosevelt pushed through minimum wage legislation as part of his New Deal reforms. Ever since, critics and supporters have been slugging it out over the minimum wage. Critics argue minimum wage destroys jobs by making it too expensive to employ workers. Supporters say a healthy wage is good for productivity and purchasing power. It’s a debate that’s playing out in Massachusetts as lawmakers aim to increase the minimum wage from $8 per hour, to $10 per hour.

Is raising the wage a win for wokers, or a blow to business? Weigh in by leaving a comment on our Facebook page.

GUESTS:
  Marc Pacheco, state senator (D) Taunton
  Jon Hurst, president of the Retailers Association of Massachusetts
  Kevin Lang, professor of economics at Boston University

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