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1 hour ago

AOC-backed $25 minimum wage plan sounds great — but at what cost?

Democrats' push to more than triple the federal minimum wage to $25 an hour is reigniting debate over whether a one-size-fits-all policy can work across the U.S. economy.Critics warn the new proposal would do more harm than good, pointing to risks such as inflation, job losses and added strain on small businesses.Lawmakers and advocacy groups have for years demanded a significant increase in the federal wage floor. A plan backed by Rep. Alexandria Ocasio-Cortez, D-N.Y., and supported by a coalition of more than 100 organizations would mark one of the most aggressive increases to the federal mi...