Feedback: Should Minimum Wage Be Raised?
New York is one of a handful of states pushing to raise the minimum wage from the federal level of $7.25 an hour.
The state Assembly's Democratic leader, Sheldon Silver, is pushing for an increase to $8.50 an hour.
Silver has the backing of a recent poll of New Yorkers that showed a solid majority favoring an increase.
A random, non-scientific questioning of northern New Yorkers showed the same thing.
"it should go up. A lot of people struggling. Economy is down. Not enough money for people," said Tiffany Wagoner of Theresa.
The Silver propoal would not only increase the minimum wage to $8.50 an hour to start, it would add annual increases based on inflation.
The argument in favor: more income means more spending, which means more jobs.
"It's definitely going to hurt some people because, like i said, you only have x amount to spend for payroll. Maybe when you're looking to hire five people, now you can only afford to hire four," Misch said.
(Watch our report from John Moore by clicking on the picture above. Read more about the national push for a higher minimum wage here.)
Saturday, December 20, 2014, Watertown, NY
On Wall Street