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Don’t trust liberals’ findings on a higher minimum wage



Published: Wed, January 8, 2014 @ 12:00 a.m.

Don’t trust liberals’ findings on a higher minimum wage

The Economic Policy Insti- tute’s estimate of jobs created by the increase in the Ohio minimum wage is ludicrous. It claims that the minimum wage hike will create 300 jobs in Ohio.

To put this in perspective, the Census Bureau estimates that about 5.3 million Ohioans are employed in the civilian workforce. It acknowledges that the margin of error of this measurement is about 20,000. Yet the EPI is claiming that its calculations can predict a change that is less than 2 percent of the margin of error of measurement. Ridiculous.

This is the same outfit that predicted that the president’s failed economic stimulus package would be a boon for the country. In fact, undeterred by evidence visible to all but blinkered partisans, the EPI is still touting Obamacare as a swell idea. To paraphrase the president, if you like the EPI’s track record for prediction, you can keep it.

The Vindicator describes the EPI as nonpartisan. It is certainly not nonpolitical. It is a left-wing think tank, which supports a steady expansion of government power, and a consequent steady shrinking of individual liberty and opportunity.

Government has the power to dictate the price of labor, but it cannot dictate the value of labor. When prices go up, people buy less. This is true of labor as well as products.

Increasing the minimum wage reduces the benefit of hiring entry-level workers. It deprives those workers of that essential first step in establishing a track record of being valuable to employers. Claims to the contrary, presented as if they were true by The Vindicator, should be recognized as simply more falsehoods from the central planners who claim to know what’s best for us. Don’t trust them.

Eric Chevlen, Liberty


Comments

1eivo(1465 comments)posted 3 months, 2 weeks ago

Eric,
Good letter. These folks are really too much. They tell you that increasing the minimum wage will create jobs with a straight face and expect you to believe it.

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2cathylukasko(110 comments)posted 3 months, 2 weeks ago

Eric,
Very well written with facts vs LIBERAL ideology. Unfortuntely, the Vindicator leans LEFT and will promote the OBAMA agenda.

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3jchanse(6 comments)posted 3 months, 2 weeks ago

What no one on the right seems to have is a sound reason for keeping things as they are. and yet, the GOP in Congress obstructs every initiative to come along. Funny how that works.

One thing is certain: when people have more money to spend, the ripple effect will create more demand and that will create more jobs. if you don't buy the propaganda, try the historical record. it's in there.

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4dontbeafool(786 comments)posted 3 months, 2 weeks ago

Funny Eivo, in your previous posts, you said you were for raising the minimum wage. Could you possibly be talking out of both sides of your mouth again?

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5eivo(1465 comments)posted 3 months, 2 weeks ago

Nope, I am for raising the minimum wage, but only under the conditions that Harry Reid and Obama stop their obstructionism. If they continue this "my way or the highway" style of governing, then I would take the highway. I feel bad that many people working at the minimum wage or on layoff will be hurt, but the only thing these cutthroats understand is force. After all, 6 million people had their health insurance cancelled, yet Harry Reid will not even allow a "fix" to come to a vote. Those 6 million people are being hurt too and there is zero compassion from Obama. Just more my way or the highway.

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6jrolley325(776 comments)posted 3 months, 2 weeks ago

its almost as nuts as conservatives ideas that lower taxes for millionaires and billionaires somehow creates jobs

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7eivo(1465 comments)posted 3 months, 2 weeks ago

I have an idea. What if the House passes a bill that extends the UC but also has a provision that revises Obamacare to allow people to choose what ever health insurance they desire without any minimum standards imposed by the government on the type of plan. This would help the 1.5 million unemployed and the 6 million who have had their health insurance cancelled!

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8Sane1(24 comments)posted 3 months, 2 weeks ago

"to allow people to choose what ever health insurance they desire without any minimum standards"

You are joking right?

How about this plan: 1,000,000 deductible, 20,000,000 out of pocket max, patient pays 100% co-insurance on all services, policy revocable without notice,
Premium 10 dollars per year.

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9dontbeafool(786 comments)posted 3 months, 2 weeks ago

I got you eivo. You are for it if the ransom is paid.

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10eivo(1465 comments)posted 3 months, 2 weeks ago

Which one is the ransom? The UC extension or the revision to Obamacare?

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11dontbeafool(786 comments)posted 3 months, 2 weeks ago

Yes

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12eivo(1465 comments)posted 3 months, 2 weeks ago

"Senate Democrats’ plan to extend long-term jobless benefits ran into political turbulence on Thursday as Senate Majority Leader Harry Reid pushed a reworked version but blocked Republicans from offering any changes."

Same old same old "my way or the highway"

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13YtownParent(250 comments)posted 3 months, 2 weeks ago

And don't believe any of the BS from the YPD patrol officers union, the NEA, AFSCME, the CSEA union, the UAW, USW and nurses unions that all say they deserve wage and benefit increases and how great it'd be for the economy either.

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14eivo(1465 comments)posted 3 months, 1 week ago

Maybe when they extend the UC benefits they should also give them a card so that they could use it in Hawaii like the welfare recipients.

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