Michigan is looking at increasing the minimum wage over the next two years. While it is a bill introduced by the Republicans it is expected to get the support it needs to pass.The state Senate unanimously approved legislation Thursday that would boost the state's minimum wage to $6.95 in October, a $1.80 increase. The minimum would rise to $7.40 an hour by July 2008.
What are your thoughts on increasing the minimum wage?
How do you think it will influence the economy?
If you were a business owner, and had several individuals making minimum wage, how would you come up with the extra funds needed to make pay roll?