Heavy Lifting - thoughts and web finds by an economist
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Monday, January 22, 2007
From last Friday's professorjournal.com:
"Economists of every political stripe agree that a higher minimum wage will cost some low-skill workers their jobs.... The House last week whooped through an increase in the minimum wage to $7.25, by a vote of 315-116.... The new, higher wage floor applied to all of these United States and its territories : save for the Pacific outpost of American Samoa." Why American Samoa? The territory is home to canning operations of the big fish and tuna industry. Starkist and Chicken of the Sea, which operate the facilities, are headquartered in California, with Starkist being located in Speaker Nancy Pelosi's home district.
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