University President Takes Salary Cut to Help Minimum-Wage Workers

Raymond Burse believes in spreading the wealth. The interim president of Kentucky State University is giving up more than $90,000 of his annual salary to boost pay for the school’s minimum-wage employees. “This is not a publicity stunt,” Burse told the Lexington Herald-Leader. “You don’t give up $90,000 for publicity. I did this for the people. This is something I’ve been thinking about from the very beginning.” Thanks to Burse’s generosity, lower-paid workers will immediately see more money in their …

CBO Report Offers Mixed Message on Minimum Wage Hike

A new report by the Congressional Budget Office offers fodder for both sides of the debate about raising the nation’s $7.25-an-hour minimum wage. Democrats are cheering the nonpartisan agency’s finding that a proposal to raise the minimum wage to $10.10 would lift about 900,000 low-wage workers out of poverty. But Republicans say that what’s important is the report’s estimate that 500,000 jobs would disappear as businesses adjust to the new wage. The CBO found smaller impacts from a wage hike to …