Poll: Americans Overwhelming Support Raising The Minimum Wage by smonebkyn

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“Countries with minimum wage laws almost invariably have higher rates of unemployment than
countries without minimum wage laws,” Thomas Sowell

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									Poll: Americans Overwhelming Support Raising
The Minimum Wage
Daniel Doherty
townhall.com
November 12, 2013




 “Countries with minimum wage laws almost invariably have higher rates of unemployment than
countries without minimum wage laws,” Thomas Sowell
Progressives are deeply committed to passing legislation that will give workers a “living wage.” And
most of the country, too, is apparently onboard -- including the president himself. Indeed, during his
State of the Union Address this year, President Obama asserted, “Tonight, let’s declare that in the
wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the
federal minimum wage to $9.00 an hour.” There are few proposals in Congress, in other words, that
earn overwhelming bipartisan support. This is one of them.
But that does not necessarily mean this a good idea. If we continue to follow Dr. Sowell’s reasoning,
we come to one inescapable conclusion: minimum wage laws raise unemployment, and
disproportionately hurt young people.
This is “compassion,” he asks rhetorically?
There is nothing mysterious about the fact that most people start off in entry level jobs that pay much
less than they will earn after they get some work experience. But, when minimum wage levels are set
without regard to their initial productivity, young people are disproportionately unemployed -- priced
out of jobs.
In European welfare states where minimum wages, and mandated job benefits to be paid for by
employers, are more generous than in the United States, unemployment rates for younger workers are
often 20 percent or higher, even when there is no recession.
Unemployed young people lose not only the pay they could have earned but, at least equally important,
the work experience that would enable them to earn higher rates of pay later on.
The whole idea behind the minimum-wage-laws-help-everyone fallacy is that it presumes Americans,
especially young people, will never climb the socio-economic ladder after earning valuable skills in the
workforce. In this mindset, economic advancement is merely a figment of our collective imaginations.
Not true, Sowell writes: Most people in the lower income brackets are not an enduring class. Most
working people in the bottom 20 percent in income at a given
time do not stay there over time. More of them end up in the
top 20 percent than remain behind in the bottom 20 percent. A
$9 hourly wage for every low-skill worker is a nice idea that
sounds good on the surface. But when we dig a little deeper,
first and foremost by looking at empirical evidence, the
negative costs of minimum wage laws seem to far outweigh
the benefits.

The Minimum Wage Lie:
when the government gets involved in anything including
business they screw everything up. minimum wage is an
illusion when a business raises the minimum wage because of
government involvement it hurts the poor and here’s why.
eventually that business pass the cost of minimum wage rate
to consumer products so the prices will go up on the items you
buy. Business owners can't really afford to stay in Business if
they're losing money because of the hike of the minimum
wage so they raise the prices slowly so you wont notice. And
intern it makes it harder for the poor to buy products because
of the higher prices. So they keep getting poorer. And keep
going on welfare because they can't afford the higher prices of
food, clothes, ETC... the minimum wage is an illusion. Its a lie
just like everything else is WAKE UP!



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