All the kids at McDees get a raise.
HOUSE Key Vote Alert - Minimum Wage Hike
By Andrew Roth
KEY VOTE ALERT
"NO" on Minimum Wage Hike (H.R. 2)
The Club for Growth, with its 40,000 members, plans to score a "NO" vote as a pro-economic growth vote in its annual rating of Congress on H.R. 2, a bill that would increase the minimum wage. The House is currently scheduled to vote on this proposal on Wednesday, January 10, 2007.
This bill, if passed, would raise the minimum wage (which is a price control on labor) from its current federal level of $5.15 to $7.25, a whopping 41% increase.
As the Heritage Foundation correctly observes, "Increasing the minimum wage is frequently proposed as a means of helping the working poor, but high minimum wages only harm unskilled, low-wage workers. By artificially increasing the cost of unskilled labor, minimum wage laws encourage employers to minimize their need for low-wage employees, either by using more machines or by changing the way that they offer services. This in turn means that there are fewer jobs available for unskilled workers. The relatively few beneficiaries of an increased minimum wage are more likely to be students working part-time than they are to unskilled workers with children to support." |
