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Old 06-21-2006, 10:31 PM   #57
'Hamas' Jenkins 'Hamas' Jenkins is offline
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Quote:
Originally Posted by jettio
I think that the stiff competition would also have to pay their workers the higher minimum wage.

I think an interesting question about this whole minimum wage thing would be the impact on the number of people eligible for the earned income credit.

If a somene has kids and the best they can do is minimum wage, they make an amount if money that means no federal taxes and they get up to a couple thousand from the treasury. It is intended to help people who work but do not make much money.

Somebody go read up on this and report back. I nominate recjake he is not out chasing girls.
I know that the federal poverty level for a family of 3 is 14,000 and change. A minimum wage job pays barely over 10. Raising it to 7,25 would bring it right up to this poverty level.
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