Source: Yes Magazine
Countries like Egypt and Switzerland have placed regulations on how much executives can earn. Here’s why the U.S. should consider doing the same.
Should our societies have a “maximum wage”? Would the world be better off if the United States had one?
Currently, Americans are debating raising the national minimum wage from $7.25 per hour to $10 per hour over the next two years. While conservatives will oppose it, such a boost shouldn’t be contentious.
Back in 1967, the U.S. minimum wage was $1.40 per hour. That’s not as measly as it sounds. Your grandparents’ tales about when ten pennies could actually buy something are not mere nostalgia. In fact, the 1967 wage had 20 percent more purchasing power than the current minimum. read more