The Pitch – How often should minimum wage increase?

October 20, 2009 – 10:30 am – No Comment

minimum wage

How often do you think minimum wage should go up?

Question:

Minimum wage has had quite a bump over the past few years. After staying at a meager $5.15 for years, it is now up to $7.25 an hour. How often do you think minimum wage should go up?

Answer:

I actually think that there should be some kind of law that has minimum wage increase gradually over time rather than having huge increases over just a couple of years. This way the employers that only pay minimum wage won’t hurt so badly when the rate goes up.

Some employers get away with never giving their employees a raise. This is why minimum wage should have a steady, but gradual increase. Those are the same employers who complain about a huge jump in minimum wage and say that they’ll have to fire people or up their prices to keep up.

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