The minimum wage is back on the rise. Last month Sen. Tom Harkin and Rep. George Miller introduced the Fair Minimum Wage Act of 2013, which would raise the federal wage to $10.10. State legislatures aren’t waiting. The New York state assembly approved an increase to $9 plus indexing, the New Mexico state senate approved an increase to $8.50, and the Hawaii state senate and house each passed increases.
But that hasn’t stopped the doomsayers. The conservative Cato Institute called the minimum wage “zombie economics.” Paul Ryan said that “history is very clear” that it “costs jobs.” Marco Rubio said that “We have a lot of history to prove” that “raising the minimum wage does not grow the middle class.”
In fact, the historical record is quite clear. “Consider the Source: 100 years of Broken Record Opposition to the Minimum Wage,