Minimum Wage: Crap of the Bull
From the Associated Press: House passes minimum wage increase
WASHINGTON - The Democratic-controlled House voted Wednesday to increase the federal minimum wage to $7.25 an hour, bringing America’s lowest-paid workers a crucial step closer to their first raise in a decade.
The vote was 315-116, with more than 80 Republicans joining Democrats to pass it.
“You should not be relegated to poverty if you work hard and play by the rules,” said House Majority Leader Steny Hoyer, D-Md.
Steny Hoyer must be an idiot if he believes the crap that is coming out of his pie hole. I suspect he does not and it is just politics of the lowest common denominator.
There are few main reasons workers make a minimum wage; (1) if you are making the minimum wage it probably means that you are not qualified to make that, but the only reason you are is because the Feds or the State mandate. (2) if you are making the minimum wage, you are probably a teenager working at a fast food joint. (3) you are retired, looking to supplement your paltry social security check and probably just to get out of the house and have something to do. Those probably cover just about 90% of those making minimum wage.
The simple fact as I see it, if they raise the minimum wage this will in turn raise the cost of goods and services, in turn putting these poor saps back in exactly the same place they started if not worse off.