February 14, 2013 by Ben Crystal
Forget everything else President Barack Obama said during the State of the Union address. Forget the unfunded education mandates, the empty promises to do something for the troops. Forget the pledge to eradicate AIDS (which not even Obama can accomplish by decree). Out of the wreckage of a speech that, I would suggest, was the worst Presidential speech since Jimmy Carter “lusted in his heart” came one demand that presents a clear and present danger: The President wants to increase the Federal minimum wage to $9 per hour from its current $7.25 per hour.
In theory, a pay hike for the bottom rung of the labor ladder sounds lovely. Stock clerks, grocery baggers and other low-skilled laborers will see an extra $1.75 for each hour of work. Across the Nation, the (primarily) youngest segment of the working population will pocket an extra $70 a week, based on a 40-hour workweek. Flush with the extra scratch, they will reinvest their hard-won extra wage in our growing economy, resulting in huge increases in face piercings, tattoos and energy drinks….To Read More……
No comments:
Post a Comment