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Jury hears Trump and Cohen Discussing Hush-Money Deal on secret recording; Nature-based solutions help solve Mississippi River Delta problems; Public lands groups cheer the expansion of two CA national monuments; 'Art Against the Odds' shines a light on artists in the WI justice system.

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President Biden defends dissent but says "order must prevail" on campus, former President Trump won't commit to accepting the 2024 election results and Nebraska lawmakers circumvent a ballot measure repealing private school vouchers.

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Bidding begins soon for Wyoming's elk antlers, Southeastern states gained population in the past year, small rural energy projects are losing out to bigger proposals, and a rural arts cooperative is filling the gap for schools in Pennsylvania and West Virginia.

Analyst: Min. Wage Could be $18.85 if Tied to Productivity

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Thursday, August 4, 2016   

BISMARCK, N.D. – This summer marks the seven year anniversary of the last time the federal minimum wage was raised – from $6.55 to $7.25 an hour – and the buying power of those dollars has fallen by 10 percent because of inflation, according to new analysis from the Economic Policy Institute.

David Cooper, the study's author, says until the 1960s the wage was raised at roughly the same pace as increases in worker productivity.

"Had that trend continued since 1968 and we had continued to raise the minimum wage pretty regularly every year, we would have a minimum wage today of close to $19 an hour," he points out.

The Democratic Party recently added a $15-an-hour minimum wage to its platform, and Republican presidential nominee Donald Trump has also come out in favor of an increase.

According to the National Federation of Independent Business, raising the federal wage isn't possible for all businesses, especially in the South and parts of the Midwest.

Cooper's study also found that if the wage had kept pace with the average growth of typical U.S. workers' income, today's minimum wage would be almost $12 an hour.

Groups opposing initiatives in several states to pay workers at least that amount over the next few years maintain the move could lead to thousands of jobs being cut.

Cooper disagrees.

"The effect of increases in the minimum wage on employment probably is the most studied topic in all of labor economics,” he points out. “Modest increases in the minimum wage have little to no effect on employment, I mean, that debate is basically settled."

Cooper stresses raising the wage floor also helps middle class workers get paid more, and has a positive impact on local economies.





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