Minimum Wage Is Going Up & Wall Street Bonuses Are Going Down
Friday, December 20, 2013
From a fast-food, minimum wage worker to a banker on Wall Street, a lot is changing in what people are getting paid. On January 1, the minimum wage is going up in 13 states, including New York and New Jersey. At the same time, there are reports Wall Street bonuses may not be as big as in previous years. This week on Money Talking, regular contributor Rana Foroohar from Time magazine and Diane Brady from Bloomberg Businessweek review what the minimum these changes signal and the future for income inequality. Plus, a look at the Federal Reserve's decision to end its economic stimulus and why 2014 will be a big year for health and technology.