Does A Higher Minimum Wage Kill Jobs?


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by Marilyn Geewax

As the days grow warmer, employers who run roller coasters, water parks and hot dog stands are preparing for the summer season. They're seeking workers to fill jobs at or just above the federal minimum wage of $7.25 an hour. Labor advocates say it's time for those workers to get a raise. They noted that when the minimum wage was last increased in July 2009, the cost of gasoline was about $2.50 a gallon. This summer, the pump price may well be twice that in many locations. Workers will also be spending more for their lunches because of higher food prices.
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