Question of the Day: Minimum Wage Edition

Thursday, June 7th, 2012 and is filed under Blog, Economy

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When Pelosi and the Democrats took over Congress in 2007, they raised the minimum wage to $7.25 per hour from $5.15 per hour.  President Bush obsequiously signed the bill into law.   As we can see, it has done nothing to increase wages across the board, and if anything, we have lost more jobs as a result of the mandate.  Despite liberal contentions to the contrary, those jobs are not filled by people who are supporting families.  They are filled by people doing part-time jobs and many teenagers trying to earn some modest spending cash.  To that end, when it becomes to costly to provide those jobs, employers will summarily eliminate them.

Now, several Democrats plan to introduce legislation that would raise the minimum wage to $10 per hour.  So the question begs, if Democrats truly believe that these jobs are filled by those who support families, then why stop at $10 an hour?  Come on – do they really believe that $10 an hour is a “respectable living wage?”  Why not make it $15 or $18 an hour?  If government can simply waive a magic wand and increase wages without destroying the job market and the economy, why not make it even higher so everyone can earn a middle-class wage?