Every now and then Mostly Right comes across something out of the political dysfunction that is Washington D.C. and we are simply stunned at the utter stupidity of some of our “honorable” Senators. The latest comes from that liberal bastion of hope called Massachusetts and their esteemed resident Senator, Elizabeth Warren. Here’s her logic: If you took the minimum wage from 1960 and indexed it for workers’ gains in productivity, it would be $22 an hour today. And why shouldn’t employees reap the benefits of their own improved labor practices?, she asked at the hearing, rhetorically. Today, the actual minimum wage is $7.25 an hour. She wants to know what happened to the rest.
President Obama, another economic illiterate suggests making the minimum wage $9 an hour. Senator Tom Harkin, the Democrat from Iowa says it should be $10 an hour. Not sure how he comes up with that number but he likes $10. The good Senator states, “We don’t want minimum-wage workers left behind and left out of this recovery,” he said last week when introducing the legislation. Really Senator? A whole lot of folks including those making minimum wage are still waiting for that recovery you are talking about!
Heres a little something that would choke most out of touch liberal elitists. There should be NO minimum wage. That’s right. None. And guess what folks? The market would set the minimum wage or union negotiations would do it. By artificially forcing businesses to raise wages, those very same businesses must react by passing on the increased costs to customers or by laying off workers to stay in business. You see, liberal do gooders never seem to grasp that reality or they simply do not care as long as they seem like they are “caring” for the little guy. That is the biggest lie to ever come out of Washington.
Will the minimum wage go to $22 an hour? No. But it will probably go up some and so will the cost of the product companies produce. Unless of course they simply lay off a few employees to make up the difference.