President Obama is on a death march to increase income inequality in America—as if it hadn’t already increased enough during his presidential tenure. Forget all of the president’s prattle about the middle class. Every economic policy he has imposed on the country, including Obamacare, will exacerbate income inequality. This time his preferred weapon of mass income destruction is the minimum wage.
Democrats are suggesting a r ise in the minimum wage from its current $7.25 an hour to $10.10. That’s even more than Obama’s $9.00 proposal, but significantly less that the $15.00 minimum wage recently passed by SeaTac, the small town by Seattle’s airport. Hey, when was the last time Obama was the reasonable one in the room?
Liberal economists are turning out in droves to claim that raising the minimum wage won’t hurt low-income jobs. But the more cautious ones hedge their language significantly.