The debate over increasing the minimum wage is gaining some momentum. At this point, I think some form of comeuppance, if you will, is certainly in the offing. The only question remaining is: to what? Will Washington raise it to the Administration’s preferred $10.10/hour, or will it be something less?
If I were putting money down on the issue, I would take the under on this bet. The Republicans will cave on the larger issue, but they sure won’t increase the minimum wage by close to $3.00/hour overnight. If the endgame is, indeed, that $10.10 number, it is out in the future somewhere, and we will get to it in stages…More…
The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.