ABC News Panel Debates Raising Minimum Wage

Wall Street Journal opinion editor Paul Gigot and the Nation editor Katrina vanden Heuvel got into a heated debate over raising the minimum wage on Sunday.

Seattle just passed a minimum wage hike to $15 an hour, which would be the highest in the nation. It is slated to take effect over the next few years. Some of the city's local businesses oppose the hike, however, and the International Franchise Association, which represents franchise owners, has promised to sue over the increase.

Speaking on ABC News' "This Week," Gigot opposed the hike and said that small business owners who employ minimum wage workers will be hit hard by the hike. He also argued that raising the minimum wage will prevent jobs from going to "the young" and "the least skilled." Those workers won't be able to move up the economic ladder, according to Gigot.

"Look, I worked for minimum wage," he said. "I worked for $2. I had jobs -- what did I learn -- I learned to show up on time. I learned certain skills. I learned that I didn't want to make the minimum wage for the rest of my life. I better get an education."

Vanden Heuvel countered that "only one out of 10 minimum wage workers today are teen age or a young person."

"Morally, what does it say about America? If you're an American and you work full time and you live in poverty, it's a broken economic system," she later added.

Watch their debate in the clip above.