Confirmed Communist Perez.
Yeah...that will create many jobs, and boast business, happy days are here again.
I’m sure there’s a chart that could correlate rising minimum wage with rising unemployment.
Economist Thomas Sowell On The Minimum Wage
“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government mandated minimum wage, because they either lose their jobs or fail to find jobs when they enter the labor force.”
Racist! Bigoted! Homophobe!
Jack up the wages then jack up the prices, and real working money goes right back to where it was before they jacked it up.
Same old round robin. Nobody gets anything out of it.
Pretty F’in scary when the government starts telling private sector what they have to pay people.
0bama’s not happy with the number of illegals flooding into America. He’s looking to quadruple it.
....because 24% unemployment for 18-24 year olds is just too low!
Price fixing always creates shortages. Fixing it lower creates a shortage of supply. Fixing it higher creates a shortage of demand. In this case, fixing the price of labor (the minimum wage) higher creates a shortage of demand for that labor in the form of fewer jobs.
Perez makes Robert Reich look like Milton Friedman.
If you adjust for inflation, minimum wage is only 63% of what it was in 1974. Something to think about.
Last I heard, cabinet members don’t write legislation.
How much does the Labor Department pay its interns? Same as the White House?
The House needs to pass a $20/hr min wage law and dare the Dems to move it forward.
While a federal minimum wage would reasonably apply to the federally controlled entities indicated in the Constitution’s Clause 17 of Section 8 of Article I (D.C., forts, dockyards, etc.), the states have never delegated to Congress, via the Constitution, the specific power to regulate minimum wage within a state’s borders imo.
In fact, as mentioned in related threads, the idea of a national minimum wage is arguably just a way for corrupt federal politicians to buy votes from low-information voters who are clueless about the federal government’s constitutionally limited powers.
They have to keep raising it because if they don’t, people would figure out there is no need for it.