http://channel-surfing.blogspot.com/2012/01/progressive-push-in-legislature.html
Monday, January 09, 2012
A progressive push in the Legislature
by Hank Kalet,
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New Jersey Democrats are flexing their more progressive muscles. The party is making two important progressive goals their top priorities — an increased minimum wage and marriage equality.
Sheila Oliver, the Assembly speaker, announced today that bumping the minimum wage to $8.50 from $7.25 an hour would be a top priority of the Assembly legislative session that starts tomorrow.
She called it an “economic stimulus that doesn’t come in the form of more debt or increased spending” and “is a recognition that thousands of households in New Jersey are struggling to subsist on minimum wage jobs that do not allow them to support their families.”
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Let’s just take on one piece of stupidity … minimum wage legislation!
Make it one hundred dollars an hour!
Absurd. Sure, but why? Because if you don’t understand that a wage is a reflection of the value that the position creates. Wish and hoping ain’t going to change the realities.
Now let’s examine the motivation for why politicians want to “raise the minimum wage”.
We know that businesses lay off or restructure to avoid it. Full timers become part time. Hours get cut. And, on the margins, businesses close and everyone one loses. So why?
It’s very simple.
When the “minimum wage” is raised all the politicians, bureaucrats, and Gooferment “workers” get a raise. And, usually union contracts are pegged to the minimum wage, so they get a raise as well.
So why would a Democrat want to raise the minimum wage? It’s a payoff of taxpayer money to the Democratic base.
Argh!
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