November 1, 2018

Trump's top economic adviser trashes the minimum wage

Huffington Post -Five days ahead of the midterm elections, President Donald Trump’s top economic adviser took to trashing the minimum wage.

“My view is a federal minimum wage is a terrible idea ? terrible idea,” Larry Kudlow, director of the White House’s National Economic Council, said in an interview with Washington Post Live on Thursday.

The federal minimum wage has been on the books since the Great Depression to prevent employers from paying exploitative wages. It is currently set at $7.25 per hour, which translates into an annual salary of about $16,000 for a full-time worker. Polls show that voters on both sides of the aisle not only approve of the concept of a minimum wage, they wish Congress and the White House would raise it.

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