Higher minimum wage coming soon
Federal wage floor will rise to $7.25 an hour on July 24. Hike will be felt in 29 states. Can the job market handle it?
NEW YORK (CNNMoney.com) — The federal minimum wage is set to increase later this month as the job market shows signs of further decay. The federal minimum wage will go to $7.25 an hour on July 24 from its current level of $6.55, according to the U.S. Department of Labor. The impact will be felt in 29 states, and many of them plan to match the federal minimum when it goes through. Further down in the article it states; “For a family to survive on $22,000, it’s impossible,” said Matt Goldberg, a staff attorney at the Legal Aid Center-Employment Law Center, an organization that advocates for low income workers. “A minimum wage job might technically keep you above the poverty line. But the practical reality is that anyone trying to survive on minimum wage is in real, real dire straights.” At least Matt Goldberg sees the lunacy of this ‘effort’… so let me further say…
Okay… is it me or is it outrageous that the minimum wage is set at such a low rate after all of this time? Seriously, who can actually live off of this? In New York (for example) this might pay for a refrigerator box for shelter and you can only afford to drink your own piss and eat a few crackers each month! This is a joke Obama!! Follow this link for the full pathetic story: http://money.cnn.com/2009/07/06/news/economy/minimum_wage/index.htm?postversion=2009070704