Congressional Digest

Congressional Digest May 2013 No. 5 Vol. 92
Lew Prince

Raising the Minimum Wage

The Renewed Debate Over Fair Labor Standards

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Lew Prince

Lew Prince co-founded Vintage Vinyl, a record store that sells new and used LPs, in St. Louis, Missouri, in 1979. It is the largest independent music store in the Midwest and one of the largest in the United States. The following is from March 14, 2013, testimony before the Senate HELP Committee during a hearing on “Keeping up With a Changing Economy: Indexing the Minimum Wage.”  A few months ago, I got to join a dozen other small business people across a table from President Obama, Vice President Biden, and several of their economic advisors. The businesspeople ranged from a…

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