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The Minimum Wage Debate

on March 18, 2014

Economic Policy Today

There is an ongoing debate as to what the appropriate dollar amount should be for the federal minimum wage. Currently, the federal government requires states to require businesses to pay a minimum wage of $7.25 per hour, as stated in the Fair Labor Standards Act (FLSA). According to Gallup, 76% of Americans were in favor of raising the federal minimum wage to $9 an hour. President Obama is considering drafting an executive order that would raise the federal minimum wage to $10.10 per hour.

I’m not sure why I’m even going to mention this since nobody seems to care anymore, but the law itself is unconstitutional. The federal government claims to have this authority based on the interstate commerce clause, which is complete nonsense. The interstate commerce clause allows the regulation of commerce between states. It’s not called the intrastate commerce law, so the federal government shouldn’t…

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