Would Obama’s $9 minimum wage help or hurt workers?

Would Obama’s $9 minimum wage help or hurt workers?

Yes, there are many problems and benefits to raising the minimum wage, and I am not entirely convinced it would be the best choice but I think in the long run it will be, plus it is the right thing to do.

“Tonight, let’s declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9.00 an hour,” President Obama

Initially I thought that small businesses would suffer from this increase, however it would be beneficial to the owners because they would no longer have to deal with competitors undercutting their prices for cheap labor. It would be an even playing field.

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