Tiime For A Raise

 

In he article "Time for A Raise" by Patricia Smith talks about how President Obama wants to raise federal minimum wage from $7.25 to $9.00 an hour, this would be the first increase since 2009. "This single step would raise the incomes of millions of working families," Obama said during his state of the union address in February. "It could mean the difference between groceries or the bank, rent or eviction, scraping by or finally getting ahead." Obama wants to raise minimum wage because inflation keeps getting higher and things are costing more, so to even it out he putting more money in people’s pockets. Obama wants to pass a law that ties medium wage to inflation so when inflation keeps raising so will minimum wage and they won’t have to pass so many laws. People also think that higher minimum wage can be a bad thing saying it could raise unemployment because store owners won’t be able to afford to keep people and will have to fire them. If not fire people they might cut back hours so even with the new wage it’s just going to even back out with the old wage. Nineteen other states already have minimum wages above the federal rate.

I’m all for the new minimum wage if it does happen because I plan on working as soon as possible but mostly in the upcoming summer and I can use all the money I get. I do see how this can hurt companies, small businesses, or even employees but I think it’s going to be good in the long run because most of the money is going back into the economy any way. I hope Obama does get the law pass but in the interim I be working and waiting