Minimum Wage and Low-Wage Jobs in the New Economy

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With holiday shopping under way, evidence of a frustrated workforce continues, with fast food workers striking again today. And President Obama has called for a federal minimum wage hike from $7.25 to $10 an hour. Would that help rectify income inequality? What are its chances on Capitol Hill and around the country? Also, radioactive material stolen near Mexico City has been recovered, but the thieves are likely doomed; and former New York Police Commissioner William Bratton gets his old job back with a promise of kinder, gentler policing.  

Banner image: New York City rally to raise the minimum wage. Photo: All-Nite Images