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The Dow posted its highest closing since last November, and the minimum wage goes up from $6.25 to $7.25. Joining The Takeaway to discuss this is University of Maryland business professor Peter Morici and New York Times reporter Jason DeParle.
The Dow posted its highest closing since last November, topping the 9000 mark for the first time since January. And the minimum wage goes up today from $6.25 to $7.25. But some say this will create more joblessness, pushing the nation’s unemployment-insurance system into a severe and long-term test. To talk about all of this is Peter Morici, economist and business Professor at the University of Maryland, and Jason DeParle, a reporter for The New York Times.