Correct Minimum Wage

Ah, what a question.  Is there an answer?  I have read lots of articles lately by people that think they know the answer to such a loaded question.  Here is my own (less informed) response!

In my opinion . . . dun dun dun . . . I think that the minimum wage should be somewhere around $10.00, just like Obama proposes.  I say this for a number of reasons.

1. It would greatly improve the quality of life of the families whose source of income is at the minimum wage.

2. A raise in the minimum wage would not induce that drastic of a change in the economy.

3. Eliminating it would make our incomes completely dependent on the market and our employers.  Now, I don’t know about you, but that makes me feel pretty uneasy!

4. Providing a baseline income for workers is important for the welfare of low class families.

 

So there’s that . . . not quite sure if that is economically correct, but that is where I stand on the issue!

 

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