Actually, you're both wrong.<p><i>According to new numbers from the Labor Department, in 2008 only 1.1% of Americans who work 40 hours a week or more even earned the minimum wage. In other words, 98.9% of 40-hour-a-week workers earn more than the minimum. The data also show that teenagers are five times more likely to earn the minimum wage than adults.</i><p><a href="http://online.wsj.com/article/SB10001424052970203440104574402820278669840.html" rel="nofollow">http://online.wsj.com/article/SB1000142405297020344010457440...</a><p>So the people who are most affected by changes to the minimum wage are teenagers who aren't paying for food and shelter, but looking for disposable income.<p>Ergo, cutting the minimum wage won't be a boon for new jobs nor will it be cutting anyone's standard of living.