Minimum Wage: All Jacked Up

minimum wageI grew up in a family who had to stretch their money the best way they could. So I understand those in our nation who labor hard to pay their monthly bills. As our economy continues to struggle, the President and his congressional allies are proposing another hike in the federal minimum wage. I have already written about the racist roots of the minimum wage. The Davis-Bacon Act of 1931 was intentionally designed to prevent blacks from being hired for federally funded work projects. Raising the minimum wage also raises the cost of all kinds of goods and services for consumers, rich and poor: if the grocery store has to pay more to have its shelves stocked, it will have to raise the price of groceries. And I have also written about how the raising the minimum wage will undoubtedly raise unemployment rates among the lowest skilled workers.

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