Minimum Wage Skyrockets!

Well, not really. The Federal minimum wage went from $5.15 USD to $5.85 USD. After TEN years the rate has gone up. I saw a commercial with a politician boasting about the rate increase today, but adjusted for inflation, this rate is inadequate.

Did you see the debate where they asked the candidates if they would work for the minimum wage? Most said, "yes." I liked Obama's answer stating that since everyone on the stage was doing well financially, then of course they would. I doubt they would...

Do you think businesses will raise prices to adjust to this new wage?

2 comments:

Lynn said...

YES! AND THEY WILL DO IT FOR MORE THAN 70 CENTS.

JYankee said...

yes...for more than the amount! hey did u know that clock shows the time of the reader reading ur blog??? didn't know it till people kept telling me...i'm looking at it now and it says "12:28 noon Weds"...whattup???