facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

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 8 months, 2 weeks ago

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

Suggest removal:

2jchanse(9 comments)posted 8 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.

Suggest removal:

3jrolley325(800 comments)posted 8 months, 1 week ago

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

Suggest removal:

4Sane1(24 comments)posted 8 months, 1 week 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.

Suggest removal:

5YtownParent(324 comments)posted 8 months, 1 week 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.

Suggest removal:


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport