Think tanks
Cry Wolf Quotes
The Dodd bill would push the government into the business of dictating the terms at which consumers and businesses can contract. This has nothing to do with protecting consumers and everything to do with replacing consumer preferences with bureaucrats’ choices.
The bottom line remains that employers will have little motivation to hire low-skilled workers—those whose inexperience and lack of productivity does not warrant a wage meeting or exceeding the proposed living wage amount. These workers, who most desperately need experience, will be the ones left most vulnerable. Instead of being able to establish a foothold in the job market, they will have to rely on other means to provide for themselves—most often state-assisted.
The Clinton tax hikes on income would have a devastating impact on long-term economic growth. In particular, the increase in the tax burden would reduce savings and investment, thus hampering the economy’s capacity to generate new jobs and higher wages. Specifically, higher tax rates on income would punish productive economic activity, reduce tax revenues, lead to increased federal spending and higher budget deficits, reduce job creation and penalize small business.
The problem is raising the minimum wage actually hurts, not helps, low-income workers. Minimum wage laws make it illegal to have a job that pays below the government mandated limit. If that wage is more than a job provider will pay for a certain job, then no worker can get—or keep—that job.
