Wednesday, January 10, 2007

Attention minimum wage!

Yahoo! reports:

"House Democrats pushed a $2.10 an hour increase in the federal minimum wage toward passage Wednesday."

Ten years is enough time to wait for a raise. Some people don't ever see as much. If the minimum wage is raised from $5.15 to $7.25 an hour, will it stagnate the U.S. economy? I don't think so.

"Organized labor and other supporters pitched the bill as coming to the aid of the working poor. Business groups and other opponents said it could lead to higher prices for goods and services, force small companies to pink-slip existing workers or hire fewer new ones, and crimp profits."

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