http://video.foxbusiness.com/v/2602569652001/minimum-wage-wars-continue/?playlist_id=933116618001
The government and some workers are advocating to raise the Federal Minimum Wage from $7.25 per hour to $9.00 per hour. In this video from Fox Business, I argue that a raise at the national level will disproportionately hurt certain geographic areas, some industries that cannot move jobs to lower cost locales, and people who are seeking entry level jobs. So while the objective of having people make more money is good on the surface, the unintended consequences will hurt the very people they are trying to help. Further, 77% of the jobs created so far this year have been part-time jobs at close to minimum wage. So if the minimum is increased, companies will be forces to cut hours, automate, or create fewer jobs and this in turn will kill what little job recovery we have.