"Millions of California's hourly workers will become among of the best paid in the country next year under a new minimum wage law enacted Wednesday." - Melanie Hicken, CNN Money.
"Washington already has the nation's highest state minimum wage at $9.19 an hour. Now, there's a push in Seattle, at least, to make it $15" - Donna Gordon Blankinship, Huffington Post
For several years, lawmakers have contemplated raising the minimum wage. Several states, most notably California and Washington, have taken progressive steps forward in this endeavor. In other states, however, minimum wage workers rely on the federally mandated $7.25 an hour.
(researched and published from The Washington Post)
President Obama recently made a proposal to raise the Federal minimum wage to $9. Other Democrats have proposed plans to raise it to $15 to cover inflation rates that have occurred since 1970, but this is unlikely to make any traction in the 113th congress, as it is controlled by Republicans in the House of Representatives.
Caroline Fairchild from The Huffington Post claims that the minimum wage "is still a far cry from what workers really deserve." She supports a raise to $21.72, citing a study by The Center for Economic and Policy Research that claims minimum wage has not stayed up to date with the rising cost of living, and economic inflation.
Others, such as Michael Saltsman from Forbes warn against raising minimum wage, as it would cause a higher rate of unemployment, less hours, which "leads to less take-home pay rather than more."
He argues against the point regarding inflation rates, claiming that because inflation rates rise and fall, "a minimum wage that truly kept up with inflation since its inception in 1938 would only be $4.12 today—not the current $7.25."
So what do you think Woodland? What do you think the Federal Minimum Wage should be?
http://www.bls.gov/cps/minwage2012.htm
http://www.forbes.com/sites/realspin/2013/04/17/the-record-is-clear-minimum-wage-hikes-destroy-jobs/
http://www.huffingtonpost.com/2013/02/13/minimum-wage-productivity_n_2680639.html
http://money.cnn.com/2013/09/25/news/california-minimum-wage/index.html?iid=SF_E_River
http://www.huffingtonpost.com/2013/08/19/seattle-minimum-wage-campaign-washington_n_3778980.html
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