QWANZ

Do you feel that you're earning less than what people used to? Well, that's probably because you are. Accounting for inflation and current costs of living, you're earning $1.50/hour less than what you would have been earning approximately 40 years ago (that's right when Martin Luther King and Robert Kennedy were killed, Richard Nixon was elected president and the economy was a third of what is now.)...   >>>

Do you feel that you're earning less than what people used to? Well, that's probably because you are. Accounting for inflation and current costs of living, you're earning $1.50/hour less than what you would have been earning approximately 40 years ago (that's right when Martin Luther King and Robert Kennedy were killed, Richard Nixon was elected president and the economy was a third of what is now.)



It seems like common sense that we have to raise minimum wage, but opponents to the move have pointed to the possibility of higher unemployment. They argue that since companies will have to pay their workers higher (of course, where will the money come from?) they would probably cut jobs and move on to cheaper labor markets.



But states and cities that have stepped over the Federal government have reflected no real impact on unemployment. Perhaps it is that moving across state lines seeking cheaper labor costs just as much money as raising the wages of your current workforce.



So what do you think? Should the federal government mandate for a higher minimum wage?