Serious question: How on earth could anyone oppose a policy that would effectively give low-skilled workers (workers who barely make enough money to feed themselves, let alone a family), higher wages? After all, we live in difficult economic times, and it doesn’t seem wholly unreasonable that individuals working in low-skilled jobs should be entitled to a minimum, universally agreed upon standard of living. And indeed, as you might expect, this isn’t by any means an unpopular idea: According to a recent Gallup poll, almost all the Democrats -- and precisely half the Republicans -- surveyed would vote “for” a proposal...
Minimum wage laws always suppress employment. A minimum wage increase is preceded by inflation sufficient to cover the extra cost to employers, thus denying the recipient of any gain. A minimum wage increase hurts employed individuals. If, after years of training, you are making $9.00 per hour and the minimum wage increases 24%, you are not going to get a 24% wage increase. Your real wages will decrease as will everyone's wages when they begin above the new minimum wage.
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