New York (CNNMoney) - After promising five years ago to raise the federal minimum wage, President Obama finally unveiled a plan to do so on Tuesday.
In his State of the Union address, Obama pressed to raise the hourly rate in stages to $9 an hour in 2015, up from the current $7.25, and index it to inflation. The change, should it become law, would boost the wages of 15 million Americans, according to the White House.
Good way to get some low income Americans laid off from their jobs. Why does Obama think this is a good idea? Why not make it $30 an hour? $9 an hour would without question increase unemployment. Perhaps that is the idea, keep 'em on the extended unemployment and keep 'em voting for more handouts with this horrible economy. Jeez-Louise !!!
I'm sure the Republicans will oppose any effort to bring the lower wage earners up. Anything to benefit the wealthiest is good. Anything to benefit the working poor is bad. That is the way of Republican policy.
It's about time.
While I dont agree with many things BO saidduring his status quo campaign speech, I do agree that minimum wage needs to go up. You cant live on 7.25 an hour. That said, his regulations and unaffordable care act make it difficult for business to profit while improving employee benefits.
Obama is raising wages not only is obama talking about wages needs to be raise illinois gov. wants wages also. the white house leaders doesnt want this to happen the president will an can without the white house leaders approvel an they mad, get over we are working people.
Employers always whine about raising the minimum wage. If it dropped to $3.00 an hour, they would still complain. Working people have a right to a wage that actually pays for, at least, the basics of life. The GOP governors have been busy trying to dismantle unions in various states. Their stated goal is to reduce the Democratic voting block. What they are really doing is making sure that employers have a pool of underpaid workers to choose from. It is time that Americans have a better chance at jobs that pay enough for a decent life with the opportunity to rise in pay to pay for a few luxuries.
Dose that mean that the cost of living will go up