Showing posts with label Minimum Wage. Show all posts
Showing posts with label Minimum Wage. Show all posts

Tuesday, July 28, 2009

Michigan Democratic Party Shows It Has No Clue

What would you do if you were the party in control of a large state with the highest unemployment rate in the nation and a dying industry at the center of your economy. If you are the Michigan Democratic party, you raise your minimum wage to a job-stifling high of $10!!!


While there are arguments for the minimum wage, such as that it prevents worker exploitation, there is no way around the fact that it benefits only low-income workers who keep their job, while forcing employers to let some other employers go/raise prices to pay for those raises. Money doesn't come from thin air.


It is rare that we see such an obvious case of a group ignoring facts to stick to basic ideology, and (in their mind) win working class votes.


Read more on the MDP's populist turn: http://blogs.tnr.com/tnr/blogs/the_plank/archive/2009/07/27/would-a-10-minimum-wage-save-michigan-democrats.aspx