Will Raising The Minimum Wage Help Or Hurt Workers? [VIDEO]

As Washington argues over the federal budget and sequestration, another issue has emerged of immediate concern to workers: Is it time to raise the federal minimum wage from $7.25 an hour to $9 by 2015? President Obama suggested it during his State of the Union speech, when he said it's "wrong" that a full-time worker earning minimum wage ends up with a $14,500-a-year-salary. For a worker with a family of with two kids, that means life below the poverty line, he said. (Ten states are also planning to raise their minimum wage in 2013, Reuters reports.)