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.