Minimum Wage Part III

The RI House has passed a bill that raises minimum wage to $7.25/hour as of Jan. 1, 2006.

“The democratic philosophy has been to help hardworking men and women. If we can give high tax breaks to businesses to keep them in Rhode Island, how can we deny working people a 50-cent raise?” said Representative Lima, a Democrat who represents District 14 in Cranston. “The average pay raise for chief executives at the 500 largest companies in the country was 54 percent last year. Meanwhile, regular working people are struggling and going into debt. This modest raise is a way to give them some help.”

What do you think?