Posts Tagged ‘minimum wage’
Raising the Federal Minimum Wage Would Cripple Economy
Every so often the Democrats try to sneak by a federal minimum wage increase. The most common number they shoot for is $15 an hour. Minimum wage is not designed to be a livable wage, it’s supposed to be for teens and college students while they get their education, and for people just starting out…
Read MoreWhat socialism looks like: Forced minimum wage hikes kill businesses
Each week, we will dive into the problems of socialism and how it’s trying to rear its ugly head in America. Higher minimum wage: sounds nice, right? Think again! An increase in minimum wage means detrimental effects to the businesses, the employees that proponents want to help, and the overall economy. For example, New York City’s…
Read MoreWanted: 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…
Read MoreMisdiagnosing 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…
Read MoreMinimum 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…
Read MoreGiving 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…
Read MoreNot 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…
Read MoreHelp 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…
Read More8 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…
Read MoreIllinois 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…
Read More