Raising Minimum Wage Kills 100% of the Population- The Chart below is from ABC news & Congressional Research Group --9/12/13- Raising Minimum wage hurts and is only a Democratic trick to tax the poor more and gain votes- 1st Notice that in 1963 a $1.25 could by $9.28 in Merchandise Today--Today $7.25 only buys $7.90 worth- Inflation caused by the raises is the reason-Nearly Every Company uses Minimum wage entry level workers Only deserved Minimum wage workers do not excel with promotions and automatic yearly wage increases-Company’s don’t need to change-- the work force does--Even today many get paid way beyond their work ethics. Minimum wage has been raised twice since 2007 when the Democrats took control of both houses only 2.5% of the labor force was earning minimum wage in 2009 that went to 5% of the labor force after the 2 raises--But sadly the number of part time employs increased by the Millions--97.5% of the labor force received no wage increase but 100% Americans were hurt because of the inflation caused by the 2.5% raises-Just look at the above chart--A much simpler less costly fix was to have given the 2.5% a yearly stimulus to help them--But the Government believed that the extra revenue from taxing the poorest new higher incomes would help their tax and spend philosophy --The reverse effect happened- Source Official USBLS on 1/1/2009 65.8% of the Labor force had jobs Today only 63.% have Jobs and it is still dropping after 4 Years and 8 months of Obama’s failed policies and an increase in the debt of nearly $7 Trillion--Remember that Obama received a $10.4 Trillion dollar debt from 239 plus years of Presidents --The debt is $17 Trillion mow and will have doubled to $20 Trillion plus by the time that Obama leaves office--Unless the GOP can stop his tax and spend Philosophy which is destroying a once strong America-
Posted on: Thu, 12 Sep 2013 18:09:17 +0000
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