Word: reiche
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...federal minimum wage?urrently $5.15?s set by Congress and is therefore dependent on politics, says Michael Reich, professor of economics at UC-Berkeley and research chair for the Institute of Labor and Employment...
...national level, it? a question of what Congress and the President are willing to do,?Reich says...
...Decades ago, Reich says, the minimum wage was closer to being a ?iving wage.? In other words, the minimum wage was considered by the Federal government to be sufficient to live...
...although the cost of living continued to increase nationally throughout the 1980s, the minimum wage did not increase at a comparable rate, Reich says, leading to a ?reak?between the minimum and living wage...
...Reich says this measure fails to take into account the increased productivity that results from employees being pleased with their wages...