Obama Pressures GOP on Unemployment Extension, Minimum Wage

http://www.rollcall.com/news/218_obama_pressures_gop_on_unemployment_extension_minimum_wage-232434-1.html

President Obama is working diligently to raise the minimum wage to $10.10 an hour.  The impact of this move has the potential to create quite a mess in the economy.  Although many on Obama's side will argue the opposite, it is likely that raising the minimum wage would also raise the unemployment level.   Minimum wage is currently at $7.25--so the move to $10.10 would be an increase of 39% which is rather steep and seemingly unattractive to employers.