There will be a lot of chatter about today's hike in the minimum wage. We should be happy for the people who will get another seventy cents an hour in their gross pay. But, we should keep in mind that, at the grand new sum of $6.55 an hour, the minimum wage is a disgrace and a sad commentary about the state of our social safety net, the economy and our political system.
If you do the math, it's pretty stark....
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