Good morning.
Wednesday in Whitewater will be partly cloudy with a high of 98. Sunrise is 6:10 AM and sunset 7:43 PM for 13h 33m 21s of daytime. The moon is a waxing crescent with 41.1% of its visible disk illuminated.
The Tech Park Board meets at 8 AM and the Parks Board at 5:30 PM.
On this day in 1775, King George III delivers his Proclamation of Rebellion to the Court of St. James’s stating that the American colonies have proceeded to a state of open and avowed rebellion.
Over these last few years, we have heard so much about the need to raise wages, as though wages respond only through government action. That’s simply not true, as one reads from Ben Casselman and Lydia DePillis that In a Hot Job Market, the Minimum Wage Becomes an Afterthought:
Under New Hampshire law, Janette Desmond can pay the employees who scoop ice cream and cut fudge at her Portsmouth sweet shop as little as $7.25 an hour.
But with the state unemployment rate under 2 percent, the dynamics of supply and demand trump the minimum wage: At Ms. Desmond’s store, teenagers working their first summer jobs earn at least $14 an hour.
“I could take a billboard out on I-95 saying we’re hiring, $7.25 an hour,” Ms. Desmond said. “You know who would apply? Nobody. You couldn’t hire anybody at $7.25 an hour.”
The red-hot labor market of the past two years has led to rapid pay increases, particularly in retail, hospitality and other low-wage industries. It has also rendered the minimum wage increasingly meaningless.
I’d say that there’s more than one way to skin a [deleted], but I’m not fond of that expression.
India’s Chandrayaan-3 Lands on the Moon: