What is everyones take on miniumum wages being raised. I have mixed feelings about this in regards to the economy. This may hit small businesses hard and might have to let people go and/or also raise prices if it is in the business of selling products of any kind. Then if it is a business with 50 or more employees and having to pick up the total amount of employees health care cost and the raising of pay per hour that business may have to lay off employees and/or charge more for their products. And who gets hit hard by this is the consumers.
There was a man being interviewed on TV about earning miniumum wage and that it was impossible to raise 3 kids on miniumum wage. So know that you are in the low income bracket why the heck do these people have so many kids?
In some cases it is cheaper in the long run to automate where possible and get rid of the cheap unskilled labor and related cost - higher wages, mandatory healthcare etc. My grandfather is working with a group now to help some companies relocate overseas. I think if the law was passed it would hurt to unskilled laborers. Of course I doubt they can pass it will the gridlock in Washington. Time will tell what if anything they can pass.