Wednesday, April 10, 2013

TIME FOR A RAISE?

The article, "Time For A Raise?" by Patricia Smith, is about President Obama wanting to increase federal minimum wage to $9 an hour for minimum wage workers. If Obama will be able to get his way, lots of minimum wage workers will be able to get a raise. Many labor groups believe increasing the minimum wage puts money in the hands of people wouldn't save the money, they would spend it.
Overall, this is a good thing because if inflation increased. People with low minimum wage would have to pay alot of money for things that have higher prices. With the minimum wage increasing, people would be able to stop on top of increasing inflation because when the inflatio goes higher, so does minimum wage. At the same time though, this also would not to be good because not all people deserve more money. Just as the labor groups said, you would be giving money to people who would spend it on junk and not save it.
This is like the time I watched someone in the store getting angry just because he found out the prices in the store had gone up. He has been complaining that his little bit of money that he makes wasn't enough. The store managers were trying to make him understand that this wasn't their faults but, he wouldn't listen. I could understand what he goes through but, how would I know if he isn't using the money for good.

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