D G Wrote:
Feb 16, 2013 10:22 AM
Obama said the minimum wage should be increased 24% (from $7.25 to $9.00). Who could possibly think raising the minimum wage 24% is a constructive policy in the context of the current economy with sky high unemployment among low skilled workers? What would happen? Look what happened last time. In May 2007, Democrats passed legislation to increase the minimum wage 40%. .... By the end of 2007, the economy was in recession and low skilled workers were being laid off. ..... The Financial crisis followed in September 2008, Combine a higher minimum wage with ObamaCare taxes and big tax increases on employers. ....... How can that possibly grow the economy?