Joe Biden in Los Angeles to Talk Minimum Wage
Vice President Joe Biden and Los Angeles Major Eric Garcetti attended a round table discussion about raising the minimum wage this morning at the L.A. Baking Company in Lincoln Heights.
During the roundtable discussion, Vice President Biden said, "if we raise the minimum wage nationally to $10.10, that takes 28 million people out of poverty."
With so many Americans living below the poverty line, raising the minimum wage to $10.10 as many politicians suggest, may help alleviate the poor and assist the struggling economy. “In 2007 the last time the federal government raised the minimum wage it helped to lift poverty,” said mayor Garcetti.
Garcetti has publicly supported raising the minimum wage to $13.25 in Los Angeles over the next three years. This raise will help boost the economy because quite simply people spend the money they make, so the more people make, the more they will spend.
However, not everyone is on board. Small local businesses think that the current federal minimum wage should not be raised from $7.25. With many small businesses already struggling to make ends meet, owners fear a raise would force them to fire workers or even go out of business.
Raising the minimum wage remains an important topic to democrats as the November elections grow close.