The data doesn’t support Obama’s proposal, but his party won’t waver in its commitment to the mythology of left-wing class struggle.
Real median household income in the United States has fallen more than 8 percent since Barack Obama was first sworn in as president, and has even fallen during the course of the Obama “recovery.” That, of course, is the fault of George W. Bush, John Boehner, rich people, and ATM machines. Fortunately, President Obama and his economic advisors have come up with a solution to this problem: force businesses to pay their employees more.
The president talks a lot about public/private partnerships, like he did during his state of the union address. What he means is compelling businesses to become partners in the Welfare State. Through Obamacare, he and his Democratic allies have mandated that it is the responsibility of businesses to provide their employees Obama-approved insurance, which must include all the bureaucrats’ favorite bells and whistles, like free contraceptives (not having free contraceptives, after all, is tantamount to “denying women access to birth control”). With that accomplishment under his belt, he has now come forth with a perennial favorite of the Democratic Party, raising the minimum wage.
Already hit hard by the impending costs of the Obamacare mandates, industries with large low-wage workforces, such as food service, janitorial, landscape maintenance, and low-end retail, are now facing the possibility of a 24 percent rise in the minimum wage, from the current $7.25 per hour to $9 per hour. This could, it would seem, bust many a company’s labor budget. But not to fret. According to the president, this will be good for business because “it would mean customers with more money in their pockets.”
(Excerpt) Read more at spectator.org ...
