It has been mentioned that increasing the federal minimum wage would increase low income workers purchasing power. I can see this, and it would probably help the economy as a result. I've read that Congress is working on raising minimum wage by $1.50 over the next few years.
However, Opponents of this say an increase in minimum wage will force some employers to let people go, because they will not be able to afford the wage increase.
Do you believe the overall economical benefit of increase minimum wage will outweigh temporary cutbacks in jobs for smaller businesses?