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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

1cathylukasko(116 comments)posted 9 months, 3 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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2redeye1(4576 comments)posted 9 months, 3 weeks ago

The only one who gains when the minimum wage is increased is the Gov't. They get paid more tax money from everyone. No one else really gets ahead .

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3jchanse(9 comments)posted 9 months, 3 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(976 comments)posted 9 months, 3 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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5jrolley325(800 comments)posted 9 months, 3 weeks ago

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

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6Sane1(24 comments)posted 9 months, 3 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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7dontbeafool(976 comments)posted 9 months, 3 weeks ago

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

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8dontbeafool(976 comments)posted 9 months, 3 weeks ago

Yes

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9YtownParent(331 comments)posted 9 months, 3 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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10jojuggie(1306 comments)posted 9 months, 3 weeks ago

This is for Chanse:
POTOMAC WATCH
Strassel: Harry Reid's Senate Shutdown
The Senate didn't pass a single appropriations or jobs bill in 2013.By KIMBERLEY A. STRASSEL
Jan. 9, 2014 7:25 p.m. ET
The popular judgment that Washington's dysfunction is the result of "partisanship" misses a crucial point. Washington is currently gridlocked because of the particular partisanship of one man: Senate Majority Leader Harry Reid. And Republicans are warming to the power of making that case to voters.

It's often said the 113th Congress is on track to become the "least productive" in history—but that tagline obscures crucial details. The Republican House in fact passed more than 200 bills in 2013. Some were minor, and others drew only GOP votes. But nearly a dozen were bipartisan pieces of legislation that drew more than 250 Republicans and Democrats to tackle pressing issues—jobs bills, protections against cyberattack, patent reform, prioritizing funding for pediatric research, and streamlining regulations for pipelines.

These laws all went to die in Mr. Reid's Senate graveyard. Not that the Senate was too busy to take them up. It passed an immigration and a farm bill. Yet beyond those, and a few items Mr. Reid was pressed to pass—the end-year sequester accord; Hurricane Sandy relief—the Senate sat silent. It passed not a single appropriations bill and not a single jobs bill. Of the 72 (mostly token) bills President Obama signed in 2013, 56 came from the House; 16 came from the chamber held by his own party.

The Senate majority leader meets the press, Dec. 17.yuri gripas/Reuters
This is the norm in Mr. Reid's Senate, and for years he has been vocally and cleverly blaming the chamber's uselessness on Republican filibusters. This is a joke, as evidenced by recent history. Mr. Reid took over the Senate in early 2007, and it functioned just fine in the last two years of the Bush administration. It didn't suddenly break overnight.

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