In response to:

A Minority View: Higher Minimum Wage

Luckydog1 Wrote: Feb 27, 2013 1:38 PM
Roy, You're right unemployment as a whole is not affected by minimum wage. It's the entry level employment that's affected. the majority of us entered the job force starting with a minimum wage job. There will be fewer of them. The highest uemployment are among the young. And as people like Robert don't understand, minimum wage jobs are designed as entry level jobs for new workers, not those wanting to raise a family. Those trying to do so did not get the proper skills/education to advance or started families too soon. Geeez I wonder whose fault that is? Robert and you probably will blame America. typical.

In his State of the Union address, President Barack Obama proposed raising the minimum wage from $7.25 an hour to $9 an hour. That would be almost a 25 percent increase. Let's look at the president's proposal, but before doing so, let's ask some other economic questions.

Are people responsive to changes in price? For example, if the price of cars rose by 25 percent, would people purchase as many cars? Supposing housing prices rose by 25 percent, what would happen to sales? Those are big-ticket items, but what about smaller-priced items? If a supermarket raised its prices by 25 percent,...