President Obama’s push to raise the minimum wage from its current $7.25 per hour to $9.50 will likely fall on deaf ears in Congress this year. The president also wants to index future automatic increases in the minimum wage to the inflation rate, an idea that Republican presidential candidate Mitt Romney actually supports.
Ten states already link their minimum wage hikes to inflation. Currently, 18 states have a minimum wage that’s higher than the federal rate. Find all state minimum wage figures at www.dol.gov/whd/minwage/america.htm.
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{ 3 comments… read them below or add one }
no dont that will give everyone that is working at higher than minimum wage a decreesed pay. when everything else goes up in price. making it even harder for everyone to make it. needless to say if i work in a specailised job just making 10.50 an hour it would be pointless to stay at that job and then try to get a job doing less work at minimum wage.
i believe that min wage should be increased….. im a 22 year old liveing at home paying a 100 dallors a month in rent because my part time job with the company i work for pays me 7.80 and hour to pull carts. im lucky if i get 30 hours a week and i travel a half hour to work each way…. just so i can have a job….. i barely make 320$ on a bad week i would like to get a small appartment and this increase would really help me to save my money and get on my feet
Why (and how) we should increase the minimum wage http://y2u.be/t0EbR1yhdJk