Minimum Wage War
Democrats in congress today saught to raise minimum wage, and republicans voted the measure down. Of course all the headlines go something like this: “Republicans hate poor people.” However this couldn’t be farther from the truth. Here is a really great article about why raising minimum wage actually hurts rather then helps minimum wage earners. The truth is republicans in congress actually understand how capitalism works. My hat is off to all those men who took a stand for what they believe and for the good of the nation despite knowing that the headlines would bash them. It makes me proud and gives me hope that not all politicians are power hungry people pleasers who will do anything to get a vote. Here is from the article cited above:
Deep down everybody knows it. We all know that if the government raised the minimum wage by $20 an hour, many employees would be laid off. Businesses are not charities; they hire workers only when the workers create more revenue for the business than they cost in wages and compensation. We know that many workers’ productivity is less than $26.75 an hour and that they would be laid off if the minimum wage were that high. Yet people kid themselves when they believe smaller increases won’t harm employment.
This reminds me of the move that politicians in France attempted to make to reverse a trend there. It was a good move, but it was rejected overwhelmingly by those who it would have benefited. In France there are comunistic laws in place which make it very difficult to fire someone that is working for you. As a result unemployment amoung young people is very high because they are high risk employees and employers are afraid they will be stuck with them. The new law would have allowed employers to fire employees who are under 26 and who have been working for less then 2 years. This law would have greatly increased the number of young people that got hired because the risk involved in hiring someone would have dropped. However the young people couldn’t understand this, and they rioted until the law was repealed.
Congressional democrats have the same economic philosophy as those young people. Do what looks right in the newspapers. I thank God for republicans who understand basic economic principles and who stand up for what is best for the poor people of this country despite the fact that probably those same poor people will hate them for it. Its funny how democrats build a platform of helping the poor by promoting communism. Can’t they understand from looking around them that communism doesn’t help anyone but a few elite folks who run the show? By promoting capitalism republicans are providing for everyone who is willing to work for their food.