Money Examiners Show Majority Want Wage Hike

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A new MoneyExaminers.com survey shows that the majority of Americans want a hike in the minimum wage.

The U.S. minimum wage should be increased, according to a new poll by http://www.MoneyExaminers.com. Two out of three respondents to the survey (67%) said that the minimum wage, paid to most fast food workers and others working in low-skilled jobs should be increased.

The survey results were released just after the Seattle, Washington city council unanimously voted to impose the highest minimum wage in the country of $15 an hour. The wage hike, which will be implemented over a series of years, is an historic achievement for workers who have staged protests across the nation in efforts to get minimum wages increased.

The pay increase will benefit about 25% of Seattle's work force, including a large number of women and minorities. The jump in wages will more than double the federal minimum wage, which is currently set at $7.25 an hour.

The Seattle increase may also propel efforts to gain higher minimum wages across the nation, and put pressure on Congress to consider legislation to hike minimum wages for workers across the country, including McDonald's, Subway and Taco Bell workers, where minimum pay standards have been the norm for decades.

Follow Money Examiners financial news analysis on personal finance in the new economy, with forecasts on the economy and the insider knowledge that consumers seek. Money Examiners regularly survey visitors on important financial issues that matter to consumers. Journalists, including experts in stocks, bonds, real estate, life styles of the rich and famous, money management and personal finance cover issues that consumers want to find out about following the money.

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Mike Colpitts
Money Examiners
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