Minimum wage hike: More money or fewer jobs?

[Trien Chieu]

http://money.cnn.com/2009/07/24/news...wage/index.htm
Fact: Federal minimum wage jumps to $7.25 an hour from $6.55.

I don't know whether or not it will cause many people to lose their jobs but I think overall it is good. I think it is really help the hard working poor people who are at the bottom of the barrel.

Here in Canada, our minimum wages are:
http://canadaonline.about.com/library/bl/blminwage.htm
Alberta: $8.80/hour
BC: $8.00
Manitoba: $8.75
New Brunswick: $8.00
Newfoundland: $9.00
NWT: $8.25
Nova Scotia: $8.60
Nunavut: $10.00
Ontario: $9.50
PEI: $8.20
Quebec: $9.00
Saskatchewan: $9.25
Yukon: $8.89
Note: 1 CAD = 0.92 USD or 1 USD = 1.08 CAD

Overall, minimum wage in Canada and US are pretty much at the same level and I think it's still a bit low given the cost of living. I think minimum wage in US should be at US$10.00/hour and minimum wage in Canada should be at around CAD$11.00/hour.

[Guo Xiang]

We don't even have a minimum wage here.