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Seems like people are either for it or against it.... How about a compromise?

Tie the min wage with inflation.  If they did this to begin with then we probably wouldn't even be having this discussion. Every year your money is worth less and less. So why not tie it with inflation? This would ensure people get a gradual bump in their pay every year to make up for loss due to inflation.  If you aren't getting a pay increase every year (most people on min don't) then you are actually making less money every year. 

Why do you think states are raising their own rates above the federal?  Because 7.50 per hour is way too damn low of a wage and isn't livable in most cities/states.  The min should be at least $9 per hour right now.  Hell, seems like most fast food chains think they are high class nowadays (Wendy's, Sonic, Whataburger (they actually pay their employees 10 or above starting out I believe), etc.).  A crunchy taco at Taco Bell used to be 49 cents in 1999 and now it is 1.31-1.49 in Texas.  This was the time period the min went from 5.15 up to it's current 7.50 over a few years (gas prices exploded in the early 2000s and probably put more pressue on Taco Bell than increased min wage).  I don't even eat fast food more than once a few months but perhaps our fat asses should be paying more for fast food.