On The Mark: Counterpoint: Yes, raise the minimum wage
May 7, 2021
Even newspaper owners don’t always agree, and that’s OK. This week I’d like to examine the other side of the argument for raising the minimum wage, in response to my fellow Pine Knot board member Pete Radosevich’s “Harry’s Gang” column last week.
As a retired economics professor, I can tell you there is an irreconcilable conflict of interest between employer and employee when it comes to sharing the proceeds of their joint work. The power to determine compensation is unevenly distributed. That’s why we’ve experienced, at both federal and state levels, pressures to raise t...