As I was browsing MSNBC today, I found this really interesting article from the Washington Post called Living Life at $7.25 an Hour. It’s a really interesting look at a small town, and how the proposed federal minimum wage increase from $5.15 to $7.25 would affect it. I found interesting because it presents views from both the employees and the owners, who obviously have some differing opinions on the matter.

I can see both sides, and in a lower income town such as the one in the article, a wage increase is almost like a catch-22. If you raise the wages, then the businesses suffer as they have to absorb more costs into an already thin profit model. On the other hand, many of the people of this town need all the help they can get.

A very interesting presentation of this problem, I highly recommend you read it.