NEWS/BLOG

Current news at our Firm and reports from the

front line on breaking news for employees.

We update you on current issues in our field

and explain how they affect your legal rights

in the workplace. Whether it's a new statute

a new court decision, an election or tips on

how to protect yourself at work, read about it

here and learn how to take action.

focused
Employment
rights advocacy for
executives, managers
and professionals

Practice Areas

Raising minimum wage helps economy January 10, 2014

One popular myth is that raising the minimum wage hurts the economy. Seventy-five years of empirical data has busted that myth wide open. Since 1938, the minimum wage has been raised several times yet the economy has grown and grown. Raising the minimum wage creates purchasing power for wage earners who then spend their wages. Their spending creates demand for goods and services. ¬†Because one person’s spending is another person’s wages, the economy grows.

Source: Bureau of Economic Analysis, www.bea.gov
Mid-year population estimates from U.S. Census Bureau, www.census.gov

 

Tags:

CONTACT US

LAMBERTON LAW FIRM, LLC
707 GRANT STREET
1705 GULF TOWER
PITTSBURGH, PA 15219

412-258-2250 | OFFICE DIRECT
412-498-4120 | CELL
412-258-2249 | FAX

CAL@LAMBERTONLAW.COM | EMAIL


facebook
twitter

blog archives