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

"The problem with minimum-wage increases is that they reduce access to these entry-level jobs. It is a basic tenet of economics that when the price of something rises, people buy less of it. This is as true of businesses hiring unskilled workers as it is of Americans buying household goods. Heritage economist James Sherk finds that “two-thirds of all recent studies show that raising the minimum wage reduces jobs.” By David Weinberge

“If workers are providing more value to employers than they cost, then they will be hired. If they aren’t, then they will not be hired. If you’re never hired and get the chance for some job experience, you can never move up the ladder. While some people may get slightly higher pay and be somewhat better off, being unemployed is really, really bad, and there’s no reason why we should be focusing on the people who currently have these jobs (and will keep them) rather than those who are trying to get these jobs but can’t.” By Jonathan Meer and Jeremy West

What do you think?