I can't really answer this so well. It really depends on what the minimum wage is where you live. I personally don't think it's all that urgent to raise it so much here, though I don't think that it would be so bad either with a slight raise.
Sen. Edward Kennedy of Massachusetts said Thursday that increasing the federal minimum wage from $5.15 to $7.25 would be his top priority as chairman of the Senate Committee on Health, Education, Labor and Pensions.
I remembered I was making $2.00 an hour in 1975 when I was a kid. 32 years later, the minimum wage still hangs around $5.15. But the worst is large companies such as Wal-mart use part-time, weekenders forcing so many workers into part-time working 20-25 hours a week.
A waitress still makes $4.00 an hour.
While GM workers makes benefits of over $54.00 an hour (counting medical benefits, retirement, pensions, etc)
It is a debate that will never go away. In the next ten years, China will become the automobile capitol of the world and the workers make less than $2.00 an hour.
As George Bush is in Hanoi today, China is actually shifting factories from Southern China to Vietnam and American business are investing in Vietnam with wages less than 40-50 cents an hours !
The people who are losing out are the American workers !