Economists are still divided on the question of whether a higher minimum wage would lead to fewer jobs. But they agree that if there is an effect on employment, it is likely to be small. And while a wage hike would increase consumption among lower-income people, the higher labor costs would also likely raise prices, eating into some of that new spending power.
The old formula held that when government was divided between the parties, the contending sides should try to “meet in the middle.” But the current Republican leadership doesn’t know the meaning of the word “middle,” so intimidated by the tea party has it become.
A not-so-small miracle is unfolding before our eyes. After nearly two decades in which established opinion insisted that it would never again be possible to pass sensible regulations of firearms, the unthinkable is on the verge of happening.
EJ Dionne, columnist for the Washington Post, talks with Rachel Maddow about victims of gun violence confronting legislators at local town hall events and how to attribute the recent steady progress in public opinion and legislative atmosphere by gun safety advocates.
The new Simpson-Bowles deficit reduction initiative put forward Tuesday as a potential route out of Washington’s budget thicket could revive several items in the original Simpson-Bowles plan that would have a significant impact on federal employee benefits.
Mayor Vincent Gray announced Tuesday that former mayor Anthony Williams and former U.S. Office of Management and Budget Director Alice Rivlin will lead a search committee that will recommend candidates for chief financial officer.