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A National Minimum Wage Is a Bad Fit
for Low-Cost Communities

American Magazine, by Andrew Biggs and Mark J. Perry

Original Article

Posted By:eagleblurst, 3/26/2014 12:19:37 PM

Progressives are practically united in supporting periodic increases in the national minimum wage. The only disagreement is by how much: some, like President Obama and his fellow Democrats, propose raising the national minimum wage by almost 40 percent over the next few years to $10.10 per hour and indexing it to inflation thereafter; others favor almost doubling the current minimum wage to a so-called “living wage” of $15 per hour or more. But note that we call it the national minimum wage. It’s a federally mandated minimum wage that applies universally across the country... [Snip]

      


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Reply 1 - Posted by: JimS, 3/26/2014 12:53:26 PM     (No. 9785122)

Progressives are absolutely united--in being stupid.
Their proposal of a minimum wage of $10.10 per hour AND indexing it to inflation thereafter shows just how ignorant they are.
Do they not understand that raising the minimum wage WILL CREATE inflation? Which will cause the minimum wage to again increase if it is indexed to inflation, and thus CREATING MORE INFLATION in an endless cycle.
Pretty soon your 401K´s and IRA´s will be 201K´s and ira´s.
But it will get the Dems the stupid vote.

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Reply 2 - Posted by: leftcoastmom, 3/26/2014 2:06:54 PM     (No. 9785285)

It´s not just the wage that costs...business owners know that their workman´s comp insurance is based on income, health insurance, and the employer has to match all these costs built in to the ssi, fica, state, local, city tax...etc. So when they say..."it´s only a dollar", it is not. Dolts

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Reply 3 - Posted by: Safari Man, 3/26/2014 2:13:03 PM     (No. 9785292)

Banning words seems popular these days. Let´s band the word "National" and bad the practice of making things national. Centralized power is the stuff of communism. There´s a reason it needs to be national -- they don´t want anyone to be able to escape or compete.


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