Obama right to boost minimum wage
Lewis DiuguidIncreasing the minimum wage always results in a political fight between those who think it will hurt business and result in fewer employees and those who want to improve the standard of living for workers.
Helping workers earn more benefits the economy in the short and long run. They then have more to spend on clothing, food, transportation and better housing and will gladly use the extra dollars for the right purpose.
Most baby boomers who’ve aged out of minimum-wage jobs can remember making a buck-sixty an hour in 1968 or $2 an hour in 1974 and then $2.10 in 1975, jumping to $2.30 in 1976 and $2.65 in 1978. Those were the days. Every increase seemed like found money.
President Barack Obama’s proposal to boost the minimum wage to $9 an hour by the end of 2015 from $7.25 would tremendously help younger workers and families. Tying the increase to the consumer price index also would help.
As the minimum wage rises so, too, is it likely that wages for higher paid workers will go up. That has to be good for the economy.
Baby boomers also need to look at this selfishly. Many who are being bounced out of good paying jobs now will likely end up in minimum wage work just to keep the wolf off the door.
Matt Henry
4 months agoYou know, just because The One says it doesn’t mean it’s true, and just because Lewis kinda sorta thinks so doesn’t make it true either.
“That has to be good for the economy.” Thanks for the data analysis there, Poindexter.
http://blog.heritage.org/2013/02/13/a-simple-and-wrong-answer-to-poverty-increasing-the-minimum-wage/
If you don’t like Heritage for a summary because it is too “right wing”, try refuting the dozen or so links to the reputable research that they cite.
Every argument I have seen against all of this data is as uselessly anecdotal as LWD’s “common sense” on this issue. “But how can a higher minimum wage not be good? See, I just care soooooo much!”
Again, I stand by the statement that liberals really don’t care at all about the people they say they want to help. They can destroy families, make communities poorer, sequester them behind their demands that they be victims to race, to class, the “luck”…. How high does the teenage unemployment rate, especially in poor communities, have to get before LWD as his ilk stop trying to “help” them? How many ways can you be shown that what you do to help only hurts and yet you insist poor people ask for more. Why? I just don’t get it….
George Hunsucker
Northland
4 months agoI don’t know why you libs are keeping the poor poor. $9 isn’t nearly enough and you libs need to stand-up for what’s right.
You know we need a minimum wage of $22.37. Do the right thing and pass this law, quit holding the poor back!!!
To think the minimum wage determines the economic ability of the poor is typical lib crap. Unleash the economy instead of regulating and taxing it to death—then you help the poor libs…