WE ALL GET MORE MONEY????

Oregon House Speaker Tina Kotek has proposed a 13 dollar an hour minimum wage.  If her proposal passes, the businesses left in Oregon which could afford to pay minimum wage employees would owe them 11 dollars an hour in 2016, 12 bucks an hour in 2017 and 13 bucks in 2018.   Critics point out that costs would be staggering, with an unearned raise of  almost four dollars more per hour in less than three years. Employees now making more than minimum wage would want more, too. Associated costs like Social Security contributions by employers would go up.  Businesses would lay people off, automate more, hire fewer employees, and  raise prices. Fewer businesses would come to Oregon, and it would be harder to start a new business in Oregon—SO—–there would be fewer jobs, prices for everything would be higher, and it would hurt lower income people the most.  AND—it never works when governments impose high wages or low prices….the market place works best.

This entry was posted on Tuesday, June 16th, 2015 at 10:46 am and is filed under Featured Stories. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.