Minimum Wage

There’s no such thing as a free lunch. Or is there? For more than a century, politicians have been passing minimum wage laws and opponents have warned of their hidden costs. The argument is simmering anew in Washington: Does a minimum wage lead to better lives or fewer jobs, more prosperity or less? And even if a minimum wage is the right public policy, is a one-size-fits-all, nationwide hourly dollar figure the best approach?