In President Barack Obama's State of the Union Address, he said he would single-handedly increase the minimum wage from $7.25 per hour to $10.10 an hour, hoping that this action would help the "income gap" in America. There are many pros and cons to this proposal.
Antagonists against this proposal have estimated the employment would reduce by about 500,000 jobs. The promoters on the other hand are saying that this increase in minimum wage could help citizens rise above the poverty line and bump up weekly earnings for employees.
In my opinion, I think we should just leave the minimum wage where it is. Studies have shown that although some states have increased their minimum wage above the federal level between the years 2003 and 2007, poverty has not decreased at all. Which is the reason they decided to to that in the first place, right? Also, if you think about it, there would be a decrease in the less skilled and experienced. In other words, it would be more expensive for a restaurant owner to keep some employees so they would lose their job.
Think about it this way, we all started with minimum wage, and slowly but surely, over time we got raises and promotions from experience. If we don't have jobs to learn from, we can't make money, and if we don't make money... we're back right where we started.