Increasing
the minimum wage when jobs are scarce is so stupid, it is almost an
annual campaign for liberal politicians to unwrap as a new idea.
Gauge
how wise such a politician is, when research shows minimum wage
increases always cost jobs of entry level workers. It is criminal to
impose higher minimums during a recession. That stymies the
possibility of stimulating any increase in job opportunities.
Yet,
those at lower levels generally leave for higher wages or get raises
with time. It’s usually not the same worker remaining at that
level. A fact proponents conveniently overlook. The vast majority of
folks do not remain at that level forever.
Moreover,
minimum wage increases cost jobs. Employers must think twice in
estimating the value and affordability of their workers. Especially
small businesses who are responsible for the bulk of American
employment.
The
minimum wage is a ploy of powerful unions whose contracts are then
automatically revised up from minimum wage levels. (See the Earl J
Weinreb NewsHole® comments.)
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