A columnist writing about the arguments for and against raising the minimum wage to $15 per hour mentions that Arindrajit Dube, economics, supports raising the rate, but also says it’s not known what happens when the minimum wage gets higher than about 50 percent of the median wage. (Finger Lakes Times [N.Y.], 10/23/18)
Author: rebeccaschwa
Robert N. Pollin, Distinguished Professor in economics and co-director of the Political Economy Research Institute, says if the Trump administration is serious about reducing the national debt, they will have to propose cutting spending on popular programs. He says, “The likely scenario is there will be pressure to cut spending. If the Trump administration is committed to continuing to increase military spending, the only place where you can get a substantial amount of saving out of the rest of the budget is in health care.” (Marketplace [NPR], 10/16/18)