Posted on 03/30/2014 12:31:26 PM PDT by gooblah
Vice President Joseph R. Biden asked Americans Saturday to confront lawmakers who oppose raising the federal minimum wage.
“Ask your representatives who oppose raising the federal minimum wage—why do they oppose it?” Mr. Biden said in the White House weekly address. “There’s no reason in the world why an American working 40 hours a week has to live in poverty.”
President Obama is waging an election-year push with congressional Democrats to boost the federal minimum wage from $7.25 to $10.10 per hour. Many Republican lawmakers oppose the action, pointing to a study that the move would eliminate about 500,000 jobs nationwide.
Mr. Biden, who filled in this week while the president was traveling overseas, said there’s proof that raising the minimum wage is good for the economy.
Read more: http://www.washingtontimes.com/news/2014/mar/29/biden-economics-raising-minimum-wage-worth-billion/#ixzz2xTaUkdGL Follow us: @washtimes on Twitter
(Excerpt) Read more at washingtontimes.com ...
bite me must figure employers can just print more money like he can.
If raising it to $10.10 is so great for the economy, why not raise it to $101.00, you cheapskate SOB!
Dan Quale spelled potato with an “e” and the MSM laid into him like piranha tearing apart a monkey. Biden can say any ridiculous thing and they hardly mention it. If Obama flayed children on live TV they’d swoon over how well he did it. I’m not convinced the problem is Democrats. I think it’s that the MSM lets them be incompetent by never giving the Quale treatment.
Wait a minute. Why only $10 minimum wage? Why not $100 per hour minimum wage? Then we'd all be rich. Hmmm, maybe the government doesn't love me after all.
These people think welfare is good for the economy for crying out loud
Hey Joe, Why not make unemployment payments permanent and a thousand dollars a week? By your logic, that’d bring instant prosperity.
Democrats love to spend other people’s money.
Didn’t the stimulus or Obamacare create enough jobs? Marxists know everything about creating jobs.
Pray America wakes up
He seems to believe that the money for a minimum wage hike just materializes out of thin air like it does for government spending./s
After much consideration, I came to the conclusion that the only sensitive (and fair) thing to do is provide everyone with a printing press, paper, ink and $100 plates. To think otherwise is obviously mean-spirited and hateful.
I’m all for minimum wage hikes. Close the borders, use e-Verify, wages go up.
Come on folks,
Joe Biden is a drunk.
You can’t expect too much from him now can ya?
Idiot loser!! Biden and his ilk are why need a Tea Party conservative movement. We will continue to spiral out of control if we elect a demonkrat or a RINO assclown to lead this nation.
Approx. 3.3 million make minimum wage or less.
Wage hike would appear to be a windfall to the feds of increased tax revenue (which nobody mentions)
...except layoffs would wash that out and then some.
True. But there is no divine right of stagnation. All he has to do is learn how to be more productive by learning new skills and talents, or improving them, or gaining more experience, and he will be able to get a better job which pays more money.
Since the inception of establishing a “minimum wage” the very basic coin of the realm,the cent, has become valueless. Todays penny costs more to make than its assigned value. Even Canada stopped making them..
Yet this is not an argument for abolishing the coin itself. But to point out when a minimum wage rate is raised it affixes a given rate of inflation to the period of time it’s emplaced. All raising the minimum wage does actually is devalue the dollar because costs (purchase prices) eventually get adjusted in time, which is never discussed by those advancing the argument, to compensate for the devalued increase..
When economists discuss monetary value, which is really and should be the purchasing power of that unit. They allways refer to the top value of the coin of the realm. In our (US) case it’s the dollar which is composed of 100 cents. Not the most basic unit which is the penny. Whenever a” minimum wage” is mandated by government The value; meaning the purchasing power of the most basic unit of the currency involved, gets devalued . What governments should be doing is set policies which maintain or increase the value of their most basic unit of their currency. Not support policies with incremental devaluations of it so that those fractional units of their currency in our case the nickle, then the dime, then the quarter, et-cetera eventually become a valueless.dollar .
A case in point is in the 1940’s a candy bar cost 5 cents when the hourly minimum wage was $.50 per hour. What does it cost today ? Likewise what were the costs of basic goods and services during that period of time as compared with todays basic wage feel good tinkering ? The result is that todays everything for a dollar stores are yesterdays five and dime.
Who gets hurt the worst when these adjustments are decreed by government? It’s those living on fixed incomes who’s income and savings value are based on previous purchasing power of previous era wage levels such as social security . They get whacked by devaluation . Because their savings are not adjusted to the previous current rates of inflation. and that also includes living on government subsidies. Eventually those subsidies eventually get increased.but not those living on what’s known as “Life Savings” .
When these feel good socialists frauds under the democrat party banner propose these increases. That is never considered as they pound their breasts claiming they’re for the little guy. All they’re doing is un-necessarily raising the price on goods and services broadening the demand that those affected seek help from them..
This person, Biden, must have received a double dose of stupids.
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