Minimum Wage Laws Do The Opposite Of What Liberals Intend

18 12 2008

As usual, liberal ideas that are well intended, do the exact opposite of what they were meant to do.

From John Hawkins

In 2005, 1.5 percent of all wage and salaried workers received the federal minimum wage or lower.

That amounts to roughly 2 million people. Of that number,
about half are under age 25
less than one-quarter work full time (35 hours or more a week)
three-fifths work in the food service industry, where, according to government reports, tips and commissions often supplement the hourly wages
more than 70 percent are at least high school graduates
two-thirds are women

The percentage of people who earned the minimum wage or less has dropped from 7.9 percent of all wage and salary workers in 1979 to 1.5 percent of all wage and salary workers in 2005. 

But, the gap between rich and poor keeps growing! [ed]

How many of the 1,000,000 minimum wage earners under 25 live at home with their mother and father?  According to the  National Center for Policy Analysis, 40% do.

Here is the Bureau of Labor Statistics Report on miminum wage earners in 2005.  Don’t believe me.  Read it for yourself (but be advised, it is a pdf.)

Also, here’s 50 years of research into the minimum wage.  A few of the things found:

  • The minimum wage reduces employment.
  • The minimum wage reduces employment more among teenagers than adults.
  • The minimum wage reduces employment most among black teenage males.
  • The minimum wage hurts blacks generally.
  • The minimum wage hurts low wage workers.
  • The minimum wage hurts small businesses generally.
  • The minimum wage hurts the poor generally.
  • The minimum wage does little to reduce poverty.

The campaign for an increased minimum wage has a twofold benefit for the Democratic party.  While they campaign for an increase in the minimum wage, they use class warfare tactics to demonize the Republicans for opposing it.  This turns lower income workers against the Republicans, even though the Democrats are actually hurting the very people they claim to be fighting for.

At the same time, they are helping one of their biggest sources of campaign cash on the sly.  Unions will continue to fork over cash to the Democrats, helping them win more elections in the future.

So there you have it.




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