Minimum Wage (Downsize DC)
I couldn'tve put it any better...
"Several states, including the State of Arizona, have just raised their minimum wage. I'm told that the Arizona newspapers have been full of stories during the past week about how organizations that employ disabled workers are now having trouble making ends meet.
The politicians of Arizona, with one wave of their not-so-magic wand, have priced many disabled people, and a whole lot of young and low-skilled workers, out of the job market.
Now, the politicians of Capitol Hill are set to do the same thing, nationwide, with a 40% increase in the federal minimum wage. There should be no increase in the FEDERAL minimum wage.
We really shouldn't have to explain this to anyone, but just in case . . .
Businesses fill jobs and hire employees ONLY when the income they will earn by doing so will be GREATER than the cost.
For every type of job, and every employee, there is a cost at which it is not profitable to fill that job or hir e that employee.
The costs involved include not only the wage, but also liability insurance, the costs to comply with government employment regulations, and the employer's share of the Social Security tax. Now, the politicians in Congress want to increase the wage and tax portions of these costs by 40%."
"Several states, including the State of Arizona, have just raised their minimum wage. I'm told that the Arizona newspapers have been full of stories during the past week about how organizations that employ disabled workers are now having trouble making ends meet.
The politicians of Arizona, with one wave of their not-so-magic wand, have priced many disabled people, and a whole lot of young and low-skilled workers, out of the job market.
Now, the politicians of Capitol Hill are set to do the same thing, nationwide, with a 40% increase in the federal minimum wage. There should be no increase in the FEDERAL minimum wage.
We really shouldn't have to explain this to anyone, but just in case . . .
Businesses fill jobs and hire employees ONLY when the income they will earn by doing so will be GREATER than the cost.
For every type of job, and every employee, there is a cost at which it is not profitable to fill that job or hir e that employee.
The costs involved include not only the wage, but also liability insurance, the costs to comply with government employment regulations, and the employer's share of the Social Security tax. Now, the politicians in Congress want to increase the wage and tax portions of these costs by 40%."