To the editor of THE EAGLE:
There has been a lot of misinformation about the president’s initiative to raise the minimum wage to $10.10 an hour. We are told this increase is to help low wage earners and will help the country. Unfortunately, this is just another political lie.
Why does the president support this increase at a time when the economy is doing so poorly? The truth is an increase in the minimum wage will kill more jobs. Since the president’s executive order to force a $10.10 minimum wage for all federal subcontracted employees there has been a steady shedding of these low wage jobs from federal programs. These people are some of the neediest in our country, yet the president’s policy is hurting them the most.
The real reason so many politicians are pushing for an increase in the minimum wage: It makes money for the government. Yes, you heard that right! Raising the minimum wage by almost $3 allows the government to extract billions of dollars in additional taxes from the lowest wage earners in our country. How often have you heard a person say "I just got a raise and the government took half of it." Higher minimum wage equals more income taxes equals more government spending.
President Obama, Nancy Pelosi, Harry Reid, and our own Elizabeth Warren are all big promoters for a higher minimum wage. Don’t be fooled by their false concern. They know what a higher minimum wage does for them. It gives them more of your money.
The only way to raise income is to create more jobs. More jobs induces competition by employers to get the best people. That competition for the best employees is to offer higher wages. Then, and only then, will things improve for all working people.