Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats
9 comments

OpEdNews Op Eds

What They Know For Sure that Just Ain't So about the Minimum Wage

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; , Add Tags Add to My Group(s)

Funny 1  
View Ratings | Rate It

opednews.com

Some corporate shills say they "know for sure" that raising it will result in fewer jobs.   They claim that if you raise the price of labor, you will have less of it, simple supply and demand.    But it just ain't so. The common-sensical know employers hire workers when they have work to get done.   A restaurant owner hires a cook when they need a cook.   If they have to pay that cook a little more per hour, are they going to lay them off?   No.   They still need a cook.   They might raise prices a tiny bit if their market competition will allow it.   They might take lower profits for themselves (now there's a novel idea).   They might shift spending on material goods.

Raising the minimum wage actually boosts overall employment.   Those who earn at that level spend everything they earn.   They may buy more from their own employer or from the store down the street.   This increases demand, more work needs to be done and more workers are hired.   The whole wage scale slides up a little too, which adds more demand.   Consumers are the real job creators, so when you give them more money they create a need for additional jobs.   This has been the actual effect when the minimum wage has been increased in the past,  including the 4 years following the minimum-wage increase of 1996.   Why should we think it would be any different today?

With so many large employers paying such low wages, millions of workers cannot make ends meet.   They have to rely on assistance programs paid for by the taxpayers.    This boosts government spending, deficits, and debt.   It is also a de facto subsidy of those businesses by the taxpayers.   However, if we raise wages, incomes go up and more is paid into, not out of, government funds.   More sales taxes are paid as well.

You'd think there would be widespread support across party lines for raising the minimum wage.   And you'd be thinking right, because there IS widespread support among the American people.   It's the conservative elected officials blocking the road to prosperity for us all.   They, such as our two Texas Republican Senators Cornyn and Cruz, know a lot that just ain't so.

 

I'm a retired public health worker focused these days on supporting a variety of progressive issues, such as criminal justice reform, energy efficiency, environmental protection, universal health care, civil rights, and worldwide peace and respect. (more...)
 
Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Kochs Mess With Texas, Our Minds and Our Future

How the Koch Brothers Mess With the Texas Environment

No Atheists in Foxholes, No Libertarians in Crises

What Ultraconservatives Think They Know For Sure Just Ain't So

How the Koch Brothers Mess With the Texas Environment (Revised)

Debunking Conservative Talking Points on Health Care

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
4 people are discussing this page, with 9 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

You example, (the cook in a restaurant) is valid, ... by Doc McCoy on Tuesday, Mar 4, 2014 at 7:23:59 AM
What you describe has not been found any time and ... by Mary Bell Lockhart on Tuesday, Mar 4, 2014 at 8:41:46 AM
In the past that may have well been true.  Ho... by Doc McCoy on Tuesday, Mar 4, 2014 at 5:44:22 PM
Just the opposite is the case.  Last increas... by Mary Bell Lockhart on Wednesday, Mar 5, 2014 at 7:07:43 PM
I am going to disagree with most everything that y... by Doc McCoy on Thursday, Mar 6, 2014 at 5:25:37 AM
You represent the standard corporate line , not th... by Mary Bell Lockhart on Thursday, Mar 6, 2014 at 7:17:32 AM
click here=email Wed Mar 05, 20... by Disillusionist on Thursday, Mar 6, 2014 at 11:55:46 AM
Why is everyone still ignoring the fact raising th... by David Smith on Friday, Mar 7, 2014 at 2:29:31 PM
You are absolutely right.  It should be autom... by Mary Bell Lockhart on Friday, Mar 7, 2014 at 5:08:57 PM