February 10, 2010
   « Obama repeats lie that 'all economists' agreed stim bill was necessary | Blog Home Page | IDF prepares for Life without US Defense Assistance »
Email Friend | Print Article | | Share Share

July 24, 2009

Wages? What Really Happens Today

C. Edmund Wright
So today the minimum wage goes up by government mandate. What a time for celebration, right? What wonderful compassion is being show by our government, right? 

We have no idea whether any workers will actually make more money as a result. But consider what is really happening today that we know for sure:

A:        Small business owners just took a pay cut.

B:        Some hourly workers will get less hours.

C:        Some hourly workers will get laid off.

D:        Some union contracts just got raised.

E:         None of the businesses affected will have one more penny in sales volume as a result.

F:         There has still never been a sighting of the mythical "family of four trying to make it on one minimum wage income."

G:        If such a family were sighted, they still could not make it on one minimum wage income.

Isn't government intervention into the economy fantastic? 

Posted at 09:56 AM | Email | | | Share Share
ATsupport2.jpg