Indiana

Minimum Rage

By Abdul Hakim-Shabazz

A new study by Ball State University gives creedance to anyone who thinks the minimum wage is a bad idea.

The study shows that more than half a million jobs have been lost over the past 10 years because of minimum wage increases.

Anyone who has ever run a business knows that when the minimum wage goes up, you have three options; raise prices, cut your profits, or fire or not hire someone.

Advocates say the minimum wage increases are necessary because of  increases in the cost of living.  I totally disagree.  The minimum wage was not made for someone to live off of.  In a perfect world it wouldn’t exist and employers and employees would negotiate their own salaries.

And spare me the “workers would only be paid a $1 a day” because we all know that’s not true. People would be paid based on what they could work out and employers who pay bad wages won’t be in business long because they’ll get horrible employees.

If elected officials wanted to really jump start this economy they would cut taxes on employers and get rid of the minimum wage.

Full post as published by Indiana Barrister on February 10, 2010 (boomark / email).