It is a perfectly natural assumption – increasing minimum wage will help the poor. Force businesses to pay their lower-skilled laborers more money and those workers will spend more, thereby helping the economy. Right? Well, not exactly. While the self-proclaimed “compassionate” love to feel righteous (while standing on the shoulders of others), one needs to […]
Minimum wage. Every year this seems to come up, and every year there’s a never-ending cry from every unskilled, low-wage worker that they need more money because of corporate exploitation. Then come in others who are more well off, who want to buy their guilt using money from other people, to take up the banner […]
President Barack Obama will announce in tonight’s State of the Union speech an increase in the minimum wage for federal workers on new contracts to $10.10, up from the current level of $7.25. Putting the constitutionality of such a plan aside for a moment, what effect will an increase in the minimum wage have on […]
After trillions of spent dollars on our government’s supposed “War on Poverty”, what exactly does the United States have to show for it? Millions still live in poverty (although the definition of “poverty” in the United States includes ownership of flat screen TVs, cable/satellite television service and high speed Internet) despite the enormous toll the […]
The U.S. government has cleverly designed a social entitlement system that pays people more than the minimum wage in 35 states according to the Cato Institute, a system that deincentivizes work and encourages lifelong dependence on the welfare state, not to mention solidifies a solid and reliable voting block.
President Obama’s plan that would increase the federal minimum wage to $9 an hour would not only reduce the availability of jobs (especially in the minority population, Obama’s biggest support group), but it would prevent the freedom of workers to work jobs for less than the minimum wage even if both parties agree to the […]
Today, several low-level employees at fast food restaurants like Burger King, McDonald’s and Taco Bell held a “walk out” in New York City to protest what they claim to be “unlivable” minimum wages. Instead of $7.25, workers want more than double the salary to perform their jobs, $15 / hour. Trouble is, that is not […]