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Hooray for Minimum Wage

I once heard a good joke by the legend Chris Rock. "What minimum wage means is, if we could pay you less we would."
It went something like that, but well said. Working for minimum wage sucks.
And thanks to the new Democratic congress, the federal minimum wage will spike by about $2.10 in the next year or so.
It's the first increase in the amount since 1997. It's about time.

"For a minimum-wage employee working full time, $7.25 would mean about $4,000 a year more than the current floor," an N.Y. times article stated.
That's a heck of raise.
I only have one major concern. What about all the people making just above minimum wage?
Are they going to recieve a $2.10 raise like most people are? I doubt it.
And that's the only part that's going to suck.
If a person, hypothetically, was working at a restuarant making $6.50 - and that's not a bad rate for a restaraunt employee, but some kid is going to step in a start making $7 something.
For the person who was just making $6.50 there's going to be a lot of resentment to a lot of people.
I wonder how many people are going to lose their jobs. Companies are going to start looking to make budget cuts and one employee will probably be pushed to do the work of two if not three employees pretty soon.
That's all I'm saying. Depending on how much I'll stew on this topic, I'll probably do another blog voicing my opinion.

Posted by Clayton Hein at 3:00 PM | Permalink | Comments (0)