Wednesday, January 29, 2014

Minimum Wage Increase - Income Equality or Income Stealer?

Commentary by Floyd Bayne

A Response to Obama’s comments at the State of the Union Address on Income Equality aka raising the minimum wage:

minimumwage11Income equality? Increase the minimum wage? Here is just one real-world example of how that actually works -

My family used to own three grocery stores in south Richmond. We employed quite a few high school kids looking to make a few bucks and become acclimated to the workplace. We also had some older employees who had less than an ideal educational backgrounds, but were good workers just the same.

The older employees took on more responsibilities and learned more about how to run the business, thus they were paid more, because they were more valuable as assets to the business. The teens were limited in their responsibilities, because their primary focus was school, as it should have been. During the mid 1990's, when Clinton was calling for yet another increase in the MW, my family and I were against it. We pointed out to our representatives how such an increase impacted not only the business, but the employees.

Well, we got the increase, which in turn increased our business's overhead (that's the cost of doing business). We had to make a decision to keep from losing money. We had to let many of the teenagers go, because, quite frankly, they were not as valuable to the business as the older, more skilled employees. The older employees could do more than just bag groceries and sweep the floor.

This meant that those teens, who were making their own money...THEIR OWN working, would no longer have that money coming in. They would also lose the opportunity to learn how to deal with people in a real-world workplace, a valuable skill as they grew older and moved on in life. Now tell me, how exactly did that MW increase help those teenagers? How will future MW increases help those low-skilled, poorly educated workers, who need that income, meager though it may be, and the opportunity to "move up" in the business they are in? Please do think about it.


No comments:

Post a Comment


See other gifts available on Zazzle.

Ron Paul America Cloud

Site Credits

Ron Paul America

is voluntarily affiliated with

Liberty Operations Group


Site created, maintained and hosted by

Liberty Web Services


#TurnOnTheTruth 2008 2012 4th amendment 911 ACTION Afghanistan war Agency Aggression Principle al-Qaeda Alan Colmes Alert America America's Fault Americans antigun AR 15 assault weapon Audit Authoritarian bailouts Believe Big Brother big government bill of rights Blame blowback bubbles Bush Campaign for Liberty Career Politician Eric Cantor Central Bank Charity China churches collapse Collectivism Commission committee Compassion Congress Conservative constitution Crash dangerous person Democrat Democrats Donald Trump Donald Trump. Planned Parenthood drones economic Economy Edward Snowden End the Fed European Union Federal Reserve Floyd Bayne floyd bayne for congress force foreign interventionism free market free markets GOP Nominee GOP Presidential Debates Government Great Depression gun control House of Representatives housing bubble HR 1745 I like Ron Paul except on foreign policy If ye love wealth better than liberty IFTTT Individual Individualism Institute Irag Iran Iraq war ISIL ISIS Judge Andrew Napalitano libertarian Liberty Liberty Letters Liberty Report Lost mass Media meltdown metadata Micheal Moore Middle East Mitt Romney nap National Neocons New Ron Paul Ad New York Times Newsletters Newt Gingrich No Non non-interventionism NSA NSA Snooping Obama Overreach overthrow Patriot Act peace politicians Pope Francis President Presidential Presidential Race programs prosperity Race Racist Racist Newsletters Rand Paul Read the Bills Act recessions redistribution of wealth refugee crisis Repeal Obamacare Report Republican Republican Nomination Republican Nominee Republicans Revolution Rick Santorum Rick Santorum Exposed Ron Ron Paul Ron Paul Institute Ron Paul Institute Featured Articles Ron Paul Institute for Peace And Prosperity Ron Paul Institute Peace and Prosperity Articles Ron Paul Next Chapter Media Channel Ron Paul Racist Newsletters ron paul's foreign policy Ronald Reagan Rosa DeLauro russia Samuel Adams Saudi Arabia Second Amendment Security Senate Senator September 11th attacks Show Soviet Spying stimulate Stock Market surveillance Syria tech bubble terrorist The the Fed the poor US US foreign policy Us troops USA Freedom Act Virginia Virginia Republican Primary voluntarism. Liberty Voluntary Warner Warning warrantless wiretaps YouTube