The Federal Minimum Wage Debate
Should the Federal Minimum wage be increased? More than two thirds of Americans believe that the government should raise the minimum wage to $10.10, according to Pew Research’s recent polls report.
President Obama has chosen to promote increasing the minimum wage, and recently told audiences “I am choosing this to be a year of action because too many Americans are working harder than ever just to get by, much less get ahead.”
Warren Buffett told CNN Wednesday “I thought about it for 50 years and I just don’t know the answer on it.” Buffett went on to say “In economics you always have to say ‘and then what?’ And the real question is are more people going to be better off if it is raised,” he said, reported CNN.
“The current federal minimum of $7.25 is not a living wage,” Buffett said.
The city of San Diego the minimum wage would increase to $13.09 an hour during the next three years under a proposal unveiled by the City Council President Todd Gloria, reported U-T San Diego.
Supporters of the minimum wage, labor unions and advocacy groups say increasing low wage workers would result in a stronger economy and help those struggling with rent hikes as seen lately in San Francisco, California.
What do you think the minimum wage should be raised to?
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