Wednesday, November 29, 2006

State house approves raising the minimum wage

Great news today from Springfield. The Illinois House approved raising the minimum wage to $7.50 an hour starting in July '07.

1 comment:

Westy said...

I do agree this is good news for working adults attempting to support their family working minimum wage jobs.

But will this also hurt inner city teenagers and young adults if jobs are eliminated? Wouldn't it make sense for there to be a different pay scale for adults versus teenagers?

The recently deceased great economist Milton Friedman said, "The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum-wage laws."

Will this worsen that problem?