Obama wants to push Min wage up to $9 bucks per hour

"If you work full time, you shouldn't be in poverty," he later added, noting his proposal Tuesday night to increase the federal minimum wage to $9 an hour.

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Is he deliberately trying to increase inflation and devaluing the dollar further?

Or is he just trying to eliminate the 'value menu' at fast food joints?

Minimum wage jobs are intended for students and entry level positions. Nothing more.

I'll say this again for DJbrow to have a deja vu:

"If you only aspire to gain a minimum wage job then you are a complete loser"

Rasing the minimum wage is just a bad idea.

Why should there be a federal minimum wage at all?

Not only is it a bad idea, but it is further evidence that the community organizer hasn't got a clue about how the system works.

Maybe if he ever had to get a job in the real world he would be able to see first hand why minimum wage is for entry level workers or college students.

It sounds good so it must be a good idea.

Why is it unnecessary? Perhaps because he is the second Messiah? Or because it may hurt Don Juan's feelings?

Put some words together that shows why what I wrote about him is untrue please.

Mattbrot don't you think its a good Idea for someone to have had at least one job in the private sector during ones lifetime?

my point is that you may disagree with his policies, and I agree with you on this particular policy, but to reduce him and his past experiences as only a "community organizer with no real life experience or job experience is a little extreme.  The guy is a smart guy and no president (even GWB) gets to that spot without having some smarts and "life experiences".  

Rick,

Would you think that its fair to say that by increasing minimum wage that in turn gives China and its products more power overall?

Although minimum wages do increase the incomes of some poor families, the evidence indicates that their net effect is, if anything, to increase the proportions of families with incomes below or near the poverty line. Thus, it would appear that reductions in the proportions of families that are poor or near-poor should not be counted among the potential benefits of minimum wages.

https://ideas.repec.org/p/fip/fedcwp/0412.html

This argument has also been supported by the CBO and is my reason for not supporting the increase. Its net effect is about $1500 per year.

The other issue is it has little practical help for families, and more for those who are single and young...who make up a majority of the minimum wage earners. Single and young earners who want to make extra money have far more options than families.

The market should dictate wages.  Not Government. 

When u increase minimum wage, consumers pay more for the product, your hire less people. 

I think it should go up, but that's probably too high.  But why does this always come up?  They should just set it and then index it annually to inflation, in 5 cent increments .  Problem solved.  So it will go up gradually rather than sitting the same for years and then  huge increase.  Make it $8 now and index it.

Refundable tax credits and guaranteed minimum income are better alternatives than minimum wage laws in targeting poverty in broader population and spreading costs instead of  concentrating costs on employers of low wage employees.

I would add to your comments that the $1,500 net effect is if you're lucky enough to keep your job.

Raising minimum wages increases unemployment for min wage workers.

Labor in Los Angeles is different than labor in Tennessee.  Let the market dictate it. 

Elizabeth Warren: Hey, why isn’t the minimum wage $22/hour?

https://www.youtube.com/watch?v=ABM0_L_5vLw