Life at $7.25 an Hour

[rodeodance]

http://www.washingtonpost.com/wp-dyn/content/article/2007/01/09/AR2007010901812.html

Life at $7.25 an Hour

As House Prepares to Vote on Minimum-Wage Increase, Issue Is Complex for Those Who Earn, or Pay, That Amount

By David Finkel
Washington Post Staff Writer
Wednesday, January 10, 2007; Page A01

ATCHISON, Kan. -- It was payday. Money, at last. Twenty-two-year-old Robert Iles wanted to celebrate. "Tonight, chimichangas!" he announced.

He was on his way out of the store where his full-time job pays him $7.25 an hour -- the rate that is likely to become the nation's new minimum wage. Life at $7.25: This is the life of Robert Iles, and with $70 in a wallet that had been empty that morning, he headed to a grocery store where for $4.98 he bought not only 10 chimichangas but two burritos as well.


From there he stopped at a convenience store, where for $16.70 he filled the gas tank of the car he purchased when he got his raise to $7.25; then he went to another grocery store, where he got a $21.78 money order to pay down some bills, including $8,000 in medical bills from the day he accidentally sliced open several fingers with a knife while trying to cut a tomato; and then he headed toward the family trailer 19 miles away, where his parents were waiting for dinner.

Today in Washington, the House is scheduled to vote on whether to increase the federal minimum wage from $5.15 to $7.25. Passage is expected, with Senate approval soon to follow, and if President Bush signs the resulting bill into law, as he indicated he would, the U.S. minimum wage would rise for the first time since 1997, ending a debate about whether such a raise would be good or bad for the economy.
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[Dammit Ann]

1. I'm sorry.

I saw this debated on C-Span by 4 economists and the idea that increasing the minimum wage will increase unemployment is an unproven MYTH, left over from Reagan era politics. 3 of the 4 said this was crap and the lone standout looked like a right wing greed monkey. Can't imagine the WP would take his side.

[Dammit Ann]

2. by the way, this COULD ALL BALANCE OUT IN THE TAX CODE.

If earned income and child credits were increased to a fair percentage and scale and the wealthy were actually taxed to their fair share, ALL OF THIS WOULD BE MOOT.

[monarch]

3. Everyone should comment on the article

and ask the Washington Post why they publish such bs.