Ted Kennedy wants to raise minimum wage from $5.15 to $7.00. That's absurd. It will put many small businesses out of business.
If he is serious about a living wage AND eliminating poverty just raise the minimum wage to $25.00/hour. (I fear many viewers of this thread will actually see wisdom in this idea!)
Why only $25.00/hour? Let's just go for it and raise the minimum wage to $500.00/hour. Then by this time next year, all working Americans will be millionaires and we can all retire. Woohoo! Any business that can't afford to pay its employees a million dollars per year isn't operating effeciently enough and deserves to be put out of business.
