Marketplace: Could the federal minimum wage vary by the regional cost of living?
By Mitchell Hartman
Marketplace, April 29, 2021
President Joe Biden has announced that the minimum wage for hundreds of thousands of federal contract workers will increase from $10.95 an hour to $15 an hour next year. This the president can do by executive order. But raising the federal minimum wage for all American workers requires legislation from Congress, which last raised the minimum wage to $7.25 an hour in 2009. ...
Mike Draper is the owner of Raygun, a Midwest clothing-and-home-goods retail chain with about 80 employees. It has a store and headquarters in Des Moines, Iowa. “We [also]...