Bump in minimum wage overdue
The Kansas City Star
Anyone who’s worked for minimum wage knows what an increase in that salary floor feels like.
It is heaven. The Kansas City Star reports today that three years after the last bump up in the minimum wage, there is a push to raise it from $7.25.
The usual naysayers will surface saying it will hurt hiring and stall the already crippled economy. But for the workers who depend on that low wage, the increase in their salary will bleed right back into the economy.
It also will force companies that have been sitting on piles of cash to flush more of it back into circulation, and that’s a good thing.