In last night’s State of the Union address, President Obama proposed raising the federal minimum wage to $10.10 an hour. He even made some quippy comment about it being easy to remember because it’s 10-10. I’m hyucking at you, speechwriters.
Anyway, that’s a terrible, horrible, rotten, no good, very bad idea. The current federal minimum wage is $7.25, so raising it to $10.10 is quite the substantial increase. I know, $7.25 isn’t really a living wage, yada yada, it’s not fair that people have to make that little amount of money, and so on and so forth.