In a Hot Job Market, the Minimum Wage Becomes an Afterthought

In a Hot Job Market, the Minimum Wage Becomes an Afterthought

The federal wage floor of $7.25 is increasingly irrelevant when even most teenagers are earning twice that. But what happens when the economy cools?

​The federal wage floor of $7.25 is increasingly irrelevant when even most teenagers are earning twice that. But what happens when the economy cools?