Orlando Sentinel: Raise for lowest-paid would benefit entire U.S. economy
Op-Ed By Karen Woodall
Orlando Sentinel, March 1, 2013
... A large body of academic research has shown that higher wages not only increase purchasing power, they improve productivity in the workplace. Both of these benefits mean that when minimum-wage workers get a raise, the benefits spread beyond them to the entire economy.
Floridians understood this principle in 2004 when more than 70 percent of voters amended the state constitution to increase the state minimum wage above the federal minimum by $1, with an automatic annual increase based on inflation. Today, the minimum wage in Florida...