RSS
  • Noted    March 19 
Richmond, Calif., just approved America's highest minimum wage

The city council of Richmond, Calif., voted six-to-one late Tuesday to raise the city's minimum wage to $12.30 an hour by 2017, from $8 an hour now. That would give Richmond, a city just north of San Francisco, the highest minimum wage in the U.S. San Francisco currently holds that honor, at $10.74 an hour. You can bet that other local and state governments will be watching Richmond to see if businesses pull out — or profit. This 2009 chart from the Economic Policy Institute suggests the latter — that's why even Walmart is considering throwing its weight behind raising the federal minimum wage to $10.10 an hour — but as with all labor policy, there will be winners and losers. --Peter Weber

 
 
Load More Articles

THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER

Most Popular Speed Reads
FOLLOW SPEED READS

About Speed Reads
Speed Reads is TheWeek.com's continuously updated collection of the most interesting, important, and trending things on the internet – delivered with concision, intelligence, and wit. Contact us at speedreads@theweek.com.
Subscribe to the Week