Valley View Online

since 1996

Archive for the ‘Money’ Category

Minimum Wage, Again

Posted by admin on May - 17 - 2014

Steve Casey Guest Post Once again we are hearing about a higher minimum wage.  But, basic economics shows that raising the minimum wage is nothing but a feel-good Band-Aid on a festering problem. The strength of any wage is its buying power.  In 1966, the minimum wage was $1.25 per hour.  But gas was only 24.9 cents a gallon.  One hour of minimum wage could buy five gallons of gas!  That $1.25 in 1966 had  [ Read More ]

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