February 17, 2013
Regarding the Feb. 14 news story "With N.C. factory backdrop, Obama outlines plan to shore up manufacturing" : I'm puzzled by House Speaker John Boehner's position that raising the minimum wage would result in lost jobs. If that were true, then the Ohio Republican should advocate decreasing the minimum wage. Surely by his own logic, a lower minimum wage would allow employers to hire more workers. David Elliott Bell , Reston
February 18, 2013 |
Liberal firebrand Paul Krugman backs President Obama's plan for a phased-in 25 percent increase in the minimum wage, to $9 per hour. But he is still economist enough to note that raising it to $20 "would create a lot of problems" — among them, presumably, pricing low-skilled workers out of the job market. There must be some level beyond which the minimum wage does more harm than good, and no one really denies it. Studies showing that higher minimum wages have little or no impact on employment generally refer to modest increments,...
January 23, 2013 |
On Tuesday, Maryland lawmakers and activists launched "Raise Maryland," an effort to raise the state's minumum wage from $7.25 per hour to $10 per hour by 2015. "We like to say we live in the wealthiest state in America," said Del. Aisha Braveboy (D-Prince George's County) "Well, how much do you think it costs to live in the wealthiest state in America?" More than the minimum wage earner can afford, she said. "When the minimum wage was at its great est value it was 45 years ago in 1968," said Sen. Robert...
February 12, 2013
Regarding Matt Miller's Feb. 9 op-ed column, " 30 million workers need a raise ": Mr. Miller noted that raising wages in industries such as home health-care or child care cannot lead to jobs being automated. The point is literally true but substantively empty. While home health-care aides would not be replaced by machines, that does not mean that there would be no ill effects on these intended beneficiaries of a minimum-wage increase. Higher wages mean higher costs, which mean fewer job opportunities.
February 9, 2012
The Feb. 3 editorial " Pay pal ," about Mitt Romney's minimum-wage proposal, contained a serious flaw. It said, "If government is going to set that price [of low-skill, entry-level labor], it ought to do so in a rational, consistent manner. " The problem is that there is no such thing as a "rational" price of labor, or anything else for that matter, if by price you mean value. The true value of anything is the price at which a buyer will voluntarily buy it and a seller will voluntarily sell it. At any other price, the...
February 21, 2013 |
The last time Congress passed a minimum wage increase, Wal-Mart's chief executive at the time seemed to lead the way. "The U.S. minimum wage of $5.15 an hour has not been raised in nearly a decade, and we believe it is out of date with the times," then-chief executive H. Lee Scott Jr. said in a 2005 speech to company executives that connected low wages to troubles for the retailer's patrons. "Our customers simply don't have the money to buy basic necessities between paychecks.