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News Link • Economy - Economics USA

Will McDonald’s employ $15/hour cashiers?

• Free Press Publications
Every couple of years there is public debate about increasing the minimum wage. Most recently, there were strikes outside of McDonald’s with people calling for a $15 minimum wage. The claim is that an increased minimum wage will lift people out of poverty. However, the truth is that a minimum wage of $15 per hour would increase the poverty line. Further, most people know very little about the history of minimum wage laws. Most people would be surprised to learn that on multiple occasions the Supreme court has struck down “minimum wage” laws, arguing once that “it may be said that if, in the interest of the public welfare, the police power may be invoked to justify the fixing of a minimum wage, it may, when the public welfare is thought to require it, be invoked to justify a maximum wage” (Adkins v Children’s Hospital of District of Columbia, 261 U.S. 525 (1923)). Minimum Wage was again struck down by the Supreme Court in 1935 when they invalidated the National Industrial Recovery Ac

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