Sunday, March 06, 2005

Another Foolish Question: What do Democrats think about the Minimum Wage Law?

: "Asking Democrats if they favor an increase in the minimum wage is like asking Martha Stewart if she'd mind sharing some decorating ideas."

...the people most likely to lose their jobs because of the minimum wages are not middle-class teens but poor adults. The federal floor has the perverse effect of inducing companies to lay off the very people it is supposed to help -- while channeling money to those who need it least. The bottom line, Neumark writes, is that "minimum wages deliver no net benefits to poor or low-income families and, if anything, make them worse off."

Kennedy and his fellow Democrats may think they're doing poor people a favor. But with friends like these . . . ."

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