In response to:

Does Obama Hate the Poor?

oneeye Wrote: Feb 18, 2013 3:17 PM
Begin with a minimum wage of $9.00 poper hour. That's only the beginning of what an employee costs an employer. Add FICA employer contributions, workers' comp, and unemployment insurance and that $9.00 comes out a lot closer to $14.00 per hour of employer cost. That's $112 for each 8 hour day. If that employee isn't adding AT LEAST that much to the productivity of the firm, the employer can't afford to keep him. The least educated and least able employees will be the first to go.

Of course President Obama does not hate poor people, nor does the most avid tea partier. Few (if any) policies are intended to harm the poor; in fact, most policies are intended help the poor. Unfortunately, good intentions do not always equal good results; such is the case with minimum wage.

Obama claims simply raising the federal minimum wage to $9 per hour “could mean the difference between groceries or the food bank, rent or eviction, scraping by or finally getting ahead.”

It’s not that simple, though.

“In the real world, setting a floor under the price of labor creates...