en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
Raising the Minimum Wage for Working Men and Women in California and the Rest of America

Minimum Wage and Democrats

Email This Page to Someone

According to the NY Times, the Democrats see a minimum wage increase as a key strategy for 2014.

I don’t think that a minimum wage increase is as popular with the people as Democrats think it is. The person who is most opposed to a minimum wage increase is not the rich Republican, but rather the person who makes around $30,000 per year, and sees a minimum wage increase as extremely threatening to his social position because it will give an undeserved raise to people he has worked hard to rise above.

However, I predict that if the minimum wage is increased, there will be no discernible economic harm resulting from it. This is an easy prediction to make because past increases in the minimum wage to not cause any discernible economic harm. In fact, a minimum wage increase wills stimulate the economy by putting more money into the hands of people who tend to spend every cent they have.

• Category: National • Tags: Lion