Uncivil Rights

A BLOG rife with wit, sarcasm, and the endless joy which comes from taunting the socialistic and unpatriotic liberal left. Logical thoughts and musings ONLY need reply...unless you're really, really funny. You have the Uncivil Right to be an IDIOT. "Give me LIBERTY, or give me DEATH!"

Wednesday, December 29, 2004

Increasing Wages Increases Unemployment

OK students, listen up. To all those that don't believe increasing minimum wage will increase unemployment, here is a study done on your own Bill Clinton's failed economic policy.

Here is just a brief excerpt, please see the tables in the articles:

"In his recent State of the Union Address, President Clinton urged passage of another increase in the minimum wage. He stated that he had studied the issue and is convinced that modest increases in minimum wages do not decrease employment; in fact, Clinton argued, they may attract new workers into the workplace. The president’s proposal to increase the minimum wage to $5.15 an hour follows on the heels of a trial balloon announcement by the secretary of labor, Robert Reich. Both Clinton’s and Reich’s descriptions of minimum wage effects paraphrase the conclusions of a series of case studies that have culminated in a new book, Myth and Measurement: The New Economics of the Minimum Wage, by Princeton University economists David Card and Alan Krueger. Professor Krueger is currently on leave from Princeton and is Robert Reich’s chief economist at the Department of Labor.

Both economic common sense and past research contradict the Princeton studies, and an examination of the evidence surrounding the 1990-91 increase in the federal minimum wage shows that rumors of the death of the conventional economic wisdom are premature."

I am even going to draw the conclusion that to organize and unionize a workforce will also increase unemployment. It just logically follows the findings in the study.
totalkaosdave, 8:14 PM