11 results for tag: Living Wage


Wanted: Jobs

Destroying the 40-hour-work week and business expansion – it is only the beginning of Obamacare’s ruinous effects on employees and employers. Add this year’s soaring healthcare costs and new taxes, which force companies to downsize even more, and you have a job market that makes finding employment as scarce as getting affordable coverage. That doesn’t provide much hope for James, a software engineer from Texas who is unemployed. “I recently completed an MBA with a student loan I am faithfully paying back. But nonetheless, I have not found a job, and while I am willing to work for minimum wage doing almost anything, those jobs too have ...

Misdiagnosing America: Digging into the President’s new “grand bargain”

Over the last two days, many politicians and pundits – including me – have chimed in on the President’s “grand bargain” to increase taxes and spending. In other ways, though, his speech is absolutely critical to understanding the fundamental chasm between the President’s thought processes on economics and taxes, and reality. Part 1 of this series will focus on the factual inaccuracies and misleading statements from the President. Part II, which will be up tomorrow, will look a particularly important aspect of the President’s mindset on public policy. The President made a number of questionable statements near the beginning of his ...

Minimum wage for thee, but not for me

Recently, the District of Columbia’s City Council has made news for trying to force Wal-Mart to pay its employees $12.50 per hour should it open three locations in the city. The move has been hammered by conservatives as economically unwise. The effort has also been critiqued as a government witch hunt, since other big box stores already exist inside city limits and do not pay their employees the aforementioned wage. Checking in with NBC Washington, we find that big box stores aren’t the only ones not paying their employees $12.50 per hour: District government pays less than $12.50 per hour. According to the D.C. Department of Human Resourc...

Giving Workers the Shaft: The Real Impact of Minimum Wage

Earlier this week, Senator Tom Harkin (D-IA) wrote an op-ed for Politico in favor of increasing the minimum wage. The op-ed, which targets an economically unsound principle, is filled with misleading attacks on those opposed to such an increase, as well as misrepresentations of the basics of economics. First, the Senator tries to make opponents of the minimum wage look like flat-earthers: …[Opponents] claimed that it would not work and that it would harm the people it was meant to help. Minimum wage opponents said that it would harm the economy and that it was antithetical to freedom and liberty; one adversary likened it to the fall of Rome. We ...

Not April Fool’s: President Obama declares April “National Financial Capability Month”

Kudos to Terence Jeffery at CNS News for picking up on this Friday announcement: All Americans deserve the chance to turn their hard work into a decent living for their families and a bright future for their children. Seizing that opportunity takes more than drive and initiative -- it also requires smart financial planning. During National Financial Capability Month, we recommit to empowering individuals and families with the knowledge and tools they need to get ahead in today's economy. My Administration is dedicated to helping people make sound decisions in the marketplace. Before you start thinking this is an April Fool’s Day joke, note two ...

Help the poor – but not from Washington

On Monday evening, The Washington Post’s Jonathan Capehart wrote how he is “looking for the president to use the word “poverty” or “poor.”” Capehart points out how the political class’ focus on the middle-class ignores the straits poor Americans find themselves in. Capehart is clearly well-intentioned, and his aim to help the poor deserves great credit. However, his piece makes two errors that are worth pointing out. First, he says the evidence points to President Obama caring about the poor: Because of the relentless focus on the middle class — those in it and those who aspire to join the club — poverty and the poor often go ...

8 inaccuracies, misleading statements, and bad ideas in the State of the Union Address

Last night, President Obama gave his first second-term State of the Union (SOT) address. (Check out the speech and transcript in full here.) The speech, which was like every other in recent history insofar as it was long on political talking points and short on an actual assessment of the nation’s “state,” had a number of inaccuracies in it. Below are a few: 1) President Obama said “In 2011, Congress passed a law saying that if both parties couldn’t agree on a plan to reach our deficit goal, about a trillion dollars’ worth of budget cuts would automatically go into effect this year.” First, $1.2 trillion is not “about a trillion ...

Illinois governor proposes higher minimum wage, AKA higher unemployment for his state

On Wednesday, Illinois Governor Pat Quinn proposed raising the state’s minimum wage to $10 an hour. According to the governor, this will be good for the state’s unemployed: During his annual State of the State address to lawmakers, the Chicago Democrat asked them to raise the minimum wage from $8.25 to $10 an hour. Although the state already has one of the highest rates in the nation, Quinn argued another boost would help increase the quality of life for residents. "Nobody in Illinois should work 40 hours a week and live in poverty," Quinn said during his speech. "That's a principle as old as the Bible." Supporters are backing the proposal ...

Big Business/Big Government collusion continues to strengthen

The Washington Examiner’s Timothy Carney is one of the best reporters on government corruption and the “revolving door” of politics. On Monday, he caught one of the best recent examples of the heavy hand of government helping well-connected pals: The Dodd-Frank financial regulation bill of 2010 will help the big banks by adding complexity and overhead costs that widen the protective “moat” around the biggest guys. I’ve been arguing this all along, and today JP Morgan CEO Jamie Dimon agrees. Here’s the report from an interview with Dimon (via The Business Insider): And not citing regulatory risk was interesting. [Dimon] even pointed ...

Why Do Liberals Hate Low-Income Workers?

Unemployment seems stuck around 8.2 percent, but black unemployment jumped from 13.6 percent in May to 14.4 percent in June, while Hispanics are at 11 percent and teens are at nearly 25 percent. In addition, economists predict that poverty rates—the result of long-term unemployment—will rise from 15.1 percent in 2010 to as high as 15.7 percent, which would be the highest level since 1965. So what do liberals want to do? Why, put even more low-skilled workers out of a job. They don’t say it quite like that, of course. What liberals say is they want to raise the minimum wage. A Kansas City Star story quotes Doug Hall of the left-w...