How many will lose their jobs with the new minimum wage increase?

Higher wages come from production not legislation.

We must end the Federal Reserve if our economy is to ever get back to some sort of normalcy.

Take the time to educate yourself and become more informed on the issue. There is no evidence to support your wild claims. Speaking of paying off friends. Who is the nations largest employer? Look at local, State and Federal employees all are payoffs in most case's. Unions almost always get paid higher than minimum wage. Also define "work", I am a brick layer and most of the Republicans I know have never "worked" a day in there entire life. Repubs. define "work" as setting at a desk and playing with the internet or talking on the phone to relatives and friends.

$7.30 per hour in my State is chicken feed for a Woman with children, when they mostly don't get 40 hours per week and they don't get free Healthcare. As Obama has said health care is the economy's biggest problem.

Anyone who has taken an introductory economics course is familiar with the idea that a minimum wage leads to a reduction in the demand for labor and an increase in the supply of labor in the relevant market. Usually, the market for low-skill workers. The minimum wage removes the ability of some workers to compete by accepting lower wages and shuts them out of the labor force. As a result, it reduces job opportunities for these workers. A minimum wage breaks the hinges on the door of opportunity.

However, there are additional, hidden costs of these interventions, which are more difficult to detect but perhaps more insidious. For example, one effect of a minimum wage is to reduce the availability of on-the-job training, since more resources are required simply to hire and retain a workforce. And further interventions in the labor market (for example, safety regulations and payroll taxes) make it still more costly to employ labor. These burdens together reduce a firm's willingness to hire laborers and, in the long, run must reduce the number of opportunities for those laborers to acquire valuable job skills. Far from increasing opportunities for the working poor, a minimum wage actually restricts their mobility.

The only estimate I have heard was one for Texas where it is estimated that as many as 15000 could lose their jobs as a result of the increase. More than likely we will not see as many loses as a direct result of the increase, but rather indirectly as merchants are forced to raise prices to accommodate the new wage. This will in turn lead to reduced sales in an already troubled economy. The most interesting statistic I have heard this morning though was that only 5% of workers in Texas are considered minimum wage workers. To listen to the Democrats tell it whenever they insist on one of these increases, you would believe the percentage would be much higher.

How else could you screw the American people in such a way. Minimum wage doesn't mean that people will have more money in their pockets, it means thar goods and services who pay minimum wage or even slightly above minimum wage to produce are going to cost more. That is a fact that what employers have to pay people is directly related to how much they charge for the product.

It should be higher than what it is now. For what they charge for things these days the wages people make are almost pretty much crap. That's why we are a nation in debt.

People crack me up ...its ok for ceo's to make millions and in some cases billions ,yet people ***** about minimum wage and then wonder why this country is a mess.

Frankly, there are a some of minimum wage workers who deserve to lose their jobs as they don't do enough work and fool around too much on the job.

And you are wrong about union wages based on minimum wages. There is no such "formula" anywhere.

Answer: NONE

Minimum wage increases are political gifts to unions

says some idiot part platform that defends the Corp Execs getting multimillion dollar bonus's

all the while

they whine about welfare

and expect people to live and raise families on what

their party (the G O P) has doomed them to

due to GREED

When you introduce a minimum wage it brings wages down! As in Britain it is sold as a saviour of cheap labour when in reality it is a way of reducing the main cost to business

Nobody will loose their jobs. People will be earning more, which means they'll be able to spend more. Local businesses will now get far more income since people will be able to spend more. They'll need to higher more people to keep up with the new demand.

If you want to be able to pay your workers as little as you please, then move to communist China, where they have no minimum wage