Dittos Rush!

DITTOS RUSH! Contemporary media musings bestowed by an American conservative Christian!

Tuesday, June 3, 2014

Seattle's $15.00 Minimum Wage "False Victory"!

Even if you have half a brain, it doesn't take a genius to figure out that raising the minimum wage will actually reduce the number of jobs available and/ or hours worked. Sadly, they will most likely be low income jobs, those which are needed the most desperately. It remains a short lived, false victory. If you don't believe me, consider the opinion from a few of the nations leading journalists below:

"The money for an increased minimum wage has got to come from somewhere, and there are only three places from which it can come: investors, in the form of lower profits; customers, in the form of higher prices; or workers, in the form of fewer jobs. Which group pays for the minimum wage hike depends on how competitive the marketplace is." By Antony Davies and James R. Harrigan

"The answer is obvious. Markets set wages. To stay in business and keep people employed, businesses have to be competitive. The cost of wages is reflected in the price of the product or service to the consumer. When labor costs go up, employers have two choices. They can attempt to pass the price increases on to customers (and perhaps lose their customers) or find a way to cut costs."
By Ellen Sauerbrey

What do you think?

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