A great article you might want to read about minimum wage. I’ll look around for some opposing views and get them face time too.
Minimum Wage: Yet Another Republican Retreat
Key points:
- Nobel laureate economist Milton Friedman and “the overwhelming majority of economists say that minimum-wage laws hurt the very people that proponents seek to help — minorities, teenagers and female heads of families.”
- Remember when Congress raised the minimum wage from $4.25 an hour to $4.75 an hour? From third quarter 1996 to first quarter 1997 (when the rate kicked in), teenagers, blacks and women heading families all experienced greater unemployment. And this during a period of over-all job growth!
I still think minimum wage is being used as a political pawn by both Republicans and Democrats.
1 comment so far ↓
Russ,
Great comments. I think society has forgotten that many welfare programs, like minimum wage, are meant only as a temporary support, not a permanent foundation upon which to build lives.
Too many of us have become complacent and lazy, it’s not the government’s job to support society. People often forget that governments don’t make a profit and aren’t designed to drive increasing revenue streams, they should be self-supporting; the leaner, the better. Yes, we are blessed to live in a society where we can get a hand once and a while, but we should use that to get ourselves up and then give back to society by being productive and establishing our value to the general population.
Good discussion, more people need to speak up, it’s the only way change can begin.
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