So some workers are a little upset because they think that minimum wage is to low. They proposed that it should be raised to $7.25 an hour. That way, workers who recive this payment would rise above the poverty line. Some however think that this would hurt the economy and creating wealth, because it would increase prices and job loss. And they think the better solution is to expand the EITC; rewarding work without interfering with the market.
I don't think we should raise minimum wage after reading that article. Job loss is bad enough already, and the last thing we need higher prices on stuff like gas and food. According to George F. Will says that the main problem is that prices are to elastic and keep chainging way to much. But all in all, he says that raising minimum wage seems a little bit counterproductive.
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