Friday, March 6, 2009

Things Will Get Worse in July

Unless Congress has the courage to change in the minimum wage law that it passed in 2007, the minimum wage will increase in July from $6.55 to $7.25 per hour. When that happens, especially during a recession, people on the bottom of the economic ladder will lose jobs or never get hired for them. It happens every time. Yet the Democrats seem to be wedded to the notion that increasing the minimum wage will help the “poor.”

The biggest impact will be on the small business owner, the very entity that tends to hire more new workers than large concerns. So many new workers will never get the chance to earn money and learn job skills, so they can move up the career ladder. Instead, many of them will end up staying home playing video games waiting for someone to help them.

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