Minimum wage increase
This week's Democratic radio address included a bit about the new minimum wage. (It was supposed to be a response to the President's address where he talked about the bridge collapse, but whatever.)
So, the speaker was all "Yay, Dems," because of the wage increase:
"Democrats also passed the first minimum-wage increase in 10 years. Raising the minimum wage won't make anyone rich, but it will help hard-working people take home a little more each month."
I fail to see the good in it really. On the surface it's good for people to take home larger paychecks, but in reality prices for goods and services have risen in response to businesses having to fund larger payrolls. Check your grocery store, favorite restaurant, big-box retailer. It may be only a few cents, but I've seen higher prices already. Even the little snack bar on campus has raised their price for coffee. (That's all I usually buy, so I don't know about the other items.)
It seems to me the raise looks good on paper, but will turn out to be a wash. "Hard-working people" will take home more and then spend more for their essentials. Yay, Dems!
No comments:
Post a Comment