Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 11 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds   

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

Author 14724
Follow Me on Twitter     Message Mary Bell Lockhart

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.

 

Funny 1  
Rate It | View Ratings

Mary Bell Lockhart Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

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 (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

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

Debunking Conservative Talking Points on Health Care

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

To View Comments or Join the Conversation: