Key to economic recovery: Higher wages
September 5, 2011 at 7:14 am in Alexandria Echo Press
This summer we’ve seen wild swings in the stock market, a last-minute debt deal, and even a rocking east coast earthquake. But one thing we haven’t seen from Memorial Day to Labor Day is any improvement in the economy. Continue Reading
The economy started to tank when the minimum wage was raised.
Hot debate. What do you think?
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This is so wildly wrong that it’s hard to know where to start criticizing it. First of all, a history lesson. Nothing the federal government did during the Depression helped the economy. It only prolonged the misery. This idea that Roosevelt’s New Deal policies lifted us out of the Depression is nothing but a myth. The economy that Roosevelt inherited in 1933 was pretty horrible and stayed that way until World War II.
If raising the minimum wage would help the economy, why stop at $9.50? Let’s make it $50 an hour. Why not?!!!!!!!!!!!!!! Well, because it would kill the economy. Raising it to $9.50 won’t kill the economy, but it will hurt it and it will hurt a lot of low-skilled workers.
Government spending won’t return us to prosperity. Less government intrusion into the economy would help tremendously. Free market capitalism creates prosperity. Please don’t listen to the kind of foolishness expessed in this editorial. The writer is completely wrong and knows nothing about economics.
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