Cuong LeFebruary 20, 2014 at 8:20 AM
On
Thursday, February 20, 2014 the Time published an article titled
Minimum Wage Hike Would Lift Earnings But Cost Jobs By Same Frizell.
this article talks about the President Barack Obama's plan to increase
the federal minimum wage would raise earning for millions of American
and lift almost one million out of poverty, but it costs economy hundred
of thousand of jobs. and Congressional Budget Office also said that
increasing the minimum wage from $ 7.25 per hours to $ 10.10 per hours
that would increase earning for all workers and they have more money to
spend but it would reduce more employment. so the issue is how to
increase the minimum wage and how to create more jobs. Obama and
Congressional Democrats have tried to make a minimum wage a key issue
ahead of the 2014 midterm elections but Republicans seem to like doesn't
agree with Obama's plan. increasing the minimum wage that will help all
workers make more money but it will hurt economy it both issues doesn't
work well together. as House Speaker John Boehner.said “With
unemployment Americans’ top concern, our focus should be creating—not
destroying—jobs for those who need them most.” For my option, I
strongly agree with Obama's Plan. Increasing minimum wage will help
workers make more money to support their family. the minimum wage $ 7.25
per hour I think that it is very low for workers. you can do the math
if the family have 3 people and only one works, this family doesn't have
enough money while educated people can support their family. the only
thing I consider is how to increase minimum wage while creating more
jobs ? I hope Government will work it out. if you are interested to read
this article, you can follow this link
http://swampland.time.com/2014/02/18/minimum-wage-jobs-cbo-congress/