Several years ago I watched my husband change light bulbs. The problem was that the ceiling was 18 feet high. He had to bolt 2 X 4s to the bottom of the ladder and then he needed a step ladder to get to the bottom rung. Probably the biggest misconception is that minimum wage is designed to help those on the lowest end of the ladder. Actually, the opposite is true. Minimum wage raises the height of the lowest rung of the ladder, making it more difficult to find gainful employment.
I’m getting weary of candidates for public office saying they are going to create jobs. Really??? Businesses don’t have the same goal as government. Businesses don’t open up so they can create jobs. They open up so they can engage in an industry the owners find meaningful and so they can make a profit and then hire more people to keep growing. If they don’t make a profit, they naturally go away.
Most businesses need employees, but they certainly don’t open up for the purpose of taking people off the streets and giving them jobs as a philanthropic endeavor.
Correct any politician or candidate if you hear him or her allude to government’s creating jobs. It is only possible for government to create jobs if it grows bureaucracies and pays for the new wages by extracting more money from us, the taxpayers. It is businesses that create jobs. Governments tend to kill jobs by passing new laws and taxes.
On Home Front today, we discuss the minimum wage with an expert from the New American, Michael Tennant. You will enjoy hearing his insights if you click here:
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