MC Economics Professor Weighs In On State Of The Union Address

By: James Sparvero Email
By: James Sparvero Email

Tuesday night the President walks up to the House podium and into American living rooms to outline his agenda, under the shadow of weak approval ratings and a ticking clock.

One of the big talking points economically will be raising minimum wage.

President Obama says he will use an executive order, raising the minimum wage from $7.25 to $10.10 an hour for federal contract workers.

Local economic professors say a steep hike is just a short-term fix to a larger overlying problem.

"If I pour a lot of money into your pocket of course you're going to be happy," says Marietta College economics professor Dr. Jacqueline Khorassani. "But if the overall productivity doesn't go up, the result is going to be unfortunately inflation, not more real income, but maybe just more nominal income."

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