Speak Out: Should Minimum Wage be Raised or Eliminated?

During President Barack Obama's State of the Union speech, he said he wants to raise the minimum wage. On Thursday, 14 of the 16 GOP candidates vying to become the party's nominee for the First Congressional District said they would vote to eliminate the minimum wage. 

Reasons offered for elimination included allowing market forces to control wages and the lack of interest by employers in workers who would settle for a minimum wage. Click here to read more.

The federal rate is $7.25 per hour and some have argued that's not enough to help folks get out of poverty. The New York Times reported in 2012 that a S.C. resident, earning minimum wage, would need to work 74 hours per week to afford rent in the state. 

Speak out: Do you support raising the minimum wage? Or do you support eliminating it all together? Tell us in the comments!