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HomeRaising the Minimum Wage: Not the Answer
Posted by Larry Doyle on February 19th, 2014 9:57 AM |
Raising the minimum wage is another hot button issue that will serve to incite strong reactions on both ends of the political spectrum, but fails to address core structural issues in our nation.
Who is not supportive of helping people rise out of poverty and try to earn a reasonable wage?
While some political pundits might like to rewrite basic economic principles, ultimately a raising of the minimum wage serves to re-slice our nation’s economic pie rather than grow it. Some individuals will benefit by earning more, but others in the same economic strata will suffer by losing their jobs altogether. (more…)
Raising Minimum Wage: A Trojan Horse Disaster
Posted by Larry Doyle on March 14th, 2013 10:00 AM |
A few weeks back, I described raising the minimum wage as a jobs killer.
Readers chimed in and addressed the fact that the real beneficiaries of raising the minimum wage are the unions that often have wage contracts benchmarked to the minimum wage, and that the raising of this rate is really a Trojan horse.
So the question begs, if raising the minimum wage is, in fact, a Trojan horse, just how many people might be negatively impacted in terms of losing their job if it were to be raised? Let’s navigate and review a release by the Employment Policies Institute that highlights the following: (more…)
Raising The Minimum Wage Is a Job Killer
Posted by Larry Doyle on February 13th, 2013 9:56 AM |
I would like to think that I have a heart and detest the fact that there are millions of people living in poverty in our nation. This said, basic economics is less a function of what is one’s heart than what is in one’s head.
The number of people living in poverty in America is now approaching a 50 year high. That fact is certainly regrettable but President Obama’s call to increase the minimum wage is not the answer to this problem. (more…)
