Dem folly marches on: Minimum wage hike spreads Blue State unemployment misery
Everyday and in everyway, the lib-nation is killing US.
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Members of Congress assume that if the minimum wage were raised, all workers would retain their jobs. But this is not the case. An increase to $7.25 an hour, plus the mandatory employer’s share of Social Security, unemployment insurance and workers’ compensation taxes, brings the hourly employer cost close to $8, even without benefits.
With the minimum wage increase, employers will only hire workers who can produce $8 an hour worth of goods or services. That will be fewer people than they employ today. Employers can change technologies or hire more skilled workers to keep their firms in business.
Denying work opportunities to those whose skills and output don’t add up to $8 per hour is not compassionate, it’s manifestly unfair. At a time of rising unemployment, the federal government is dooming unskilled workers to the ranks of the unemployed by saying they cannot even take the first step on the career ladder. That’s not the road to job creation and economic recovery.
