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Cruz sees the minimum wage as ‘bad policy’
MSNBC ^
| 4/19/16
| Steve Benen
Posted on 04/19/2016 12:10:14 PM PDT by markomalley
Hillary Clinton and Bernie Sanders have had some bitter arguments in recent months over the minimum wage, but the two arent that far apart. The Vermont senator supports an increase to $15 an hour, while the former Secretary of State support an increase to $12, though if Congress sent her a bill raising the minimum to $15, Clinton has said shed gladly sign it.
For the two Democratic candidates, increasing the federal minimum wage from its current $7.25 is a no-brainer. The question isnt whether to approve an increase, but rather, how much and how quickly.
And then theres the other side of the aisle. Congressional Republicans continue to insist there will be no increase so long as the GOP is in the majority, and on the presidential campaign trail, Republican candidates continue to not only oppose an increase, but to oppose the very existence of the minimum wage. Politico reported the other day:
(Excerpt) Read more at msnbc.com ...
TOPICS: Politics/Elections
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What a crock.
To: markomalley
It may be bad policy but sadly it’s good politics
Such is the state of economic thinking in this country
2
posted on
04/19/2016 12:12:48 PM PDT
by
LMAO
(" I probably identify more as Democrat," Donald Trump 2004)
To: markomalley
The minimum wage is bad policy.
It’s supply and demand.
You might as well try limiting the maximum velocity of a falling object by statute.
3
posted on
04/19/2016 12:15:27 PM PDT
by
Jewbacca
(The residents of Iroquois territory may not determine whether Jews may live in Jerusalem)
To: markomalley
That’s the kind of statement that is:
- Intellectually defensible in academic debates on economics.
- Sure to lose you every election from now till the sun goes supernova.
To: LMAO
Fine, then peg the minimum wage to the CPI and have it automatically readjust each year just as social security payments do now.
Takes all of the politics out of the process.
5
posted on
04/19/2016 12:16:01 PM PDT
by
Yo-Yo
(Is the /sarc tag really necessary?)
To: Buckeye McFrog
Thats the kind of statement that is:
- Intellectually defensible in academic debates on economics.
- Sure to lose you every election from now till the sun goes supernova.
Makes you wonder if Jonathan Gruber had a point on his assessment of the American people
6
posted on
04/19/2016 12:17:11 PM PDT
by
LMAO
(" I probably identify more as Democrat," Donald Trump 2004)
To: markomalley
I’ve talk to lots of people who are for the raising the minimum wage and they’ll acknowledge that it will cost jobs but they think it’s only fair
7
posted on
04/19/2016 12:19:58 PM PDT
by
LMAO
(" I probably identify more as Democrat," Donald Trump 2004)
To: markomalley
Constitutionally indefensible.
8
posted on
04/19/2016 12:21:11 PM PDT
by
tacticalogic
("Oh bother!" said Pooh, as he chambered his last round.)
To: markomalley
The “minimum wage” is simply the government prohibiting people from working at jobs that are worth less than an arbitrarily set amount.
9
posted on
04/19/2016 12:21:42 PM PDT
by
Bubba_Leroy
(The Obamanation Continues)
To: LMAO
Ive talk to lots of people who are for the raising the minimum wage and theyll acknowledge that it will cost jobs but they think its only fairYet, in Oregon where they raise the MW to 15ph,once the workers found they made more money they were upset that their govt check was less because they made more an their MW jobs.
So, they promptly asked for less hours.
10
posted on
04/19/2016 12:25:14 PM PDT
by
Puppage
(You may disagree with what I have to say, but I shall defend to your death my right to say it)
To: Bubba_Leroy
“The minimum wage is simply the government prohibiting people from working at jobs that are worth less than an arbitrarily set amount.”
Or, to put it slightly differently, the minimum wage is simply a government policy prohibiting people from working who are worth less on any job than an arbitrarily set amount.
To: riverdawg
But they get welfare, food stamps and Obamaphones, so why work?
12
posted on
04/19/2016 12:27:16 PM PDT
by
Bubba_Leroy
(The Obamanation Continues)
To: LMAO
Apparently Ted was paying no attention to how the Dems turned Mitt into the economic bogeyman and then set him on fire in ‘12. If Ted is our nominee this one will come back to bite him......hard!
To: Yo-Yo
I understand your statement but no, it wont take politics out of the process. You see, many union contracts are calculated based on the minimum wage. As such, unions and by association, Democrats have a vested interest in continuing to push for a higher minimum wage.
14
posted on
04/19/2016 12:32:44 PM PDT
by
taxcontrol
( The GOPe treats the conservative base like slaves by taking their votes and refuses to pay)
To: markomalley
It is bad policy. The government has no business dictating a person’s worth in the job market.
15
posted on
04/19/2016 12:33:30 PM PDT
by
The_Victor
(If all I want is a warm feeling, I should just wet my pants.)
To: markomalley
He just lost the black vote.
To: markomalley
The only ‘fair’ minimum wage is $0.00 per hour.
17
posted on
04/19/2016 12:44:59 PM PDT
by
bassmaner
(Hey commies: I am a' white male, and I am guilty of NOTHING! Sell your 'white guilt' elsewhere.)
To: markomalley
It’s not “raising the minimum wage.” It’s “outlawing low paying jobs.”
For Bernie Sanders and Hillary Clinton, it’s not whether or not to kill jobs, it’s about how many jobs to kill.
18
posted on
04/19/2016 12:47:50 PM PDT
by
ChessExpert
(It is not compassion when you use government to give other people's money away.)
To: markomalley
Of course Cruz does; his sponsors need their H-1B Indians to be paid less than $15/hr.
Cruz supports 325,000 more H-1B foreign tech workers to come in while Americans are out of work.
19
posted on
04/19/2016 12:55:13 PM PDT
by
CodeToad
(Islam should be banned and treated as a criminal enterprise!)
To: markomalley
Cruz clearly sees what happens with a $15/hour minimum wage: less people will be hired and places like fast-food restaurants will
increase automation, hiring less staff along the way. Indeed, McDonald's and the owners of other major fast-food outlets are seriously studying automating the process of buying food as much as possible.
In short, even the Left has forgotten one lesson of Karl Marx: the higher the wage you go, the more reliance on machines you get.
20
posted on
04/19/2016 12:56:27 PM PDT
by
RayChuang88
(FairTax: America's Economic Cure)
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