Tuesday, May 6, 2014

Minimum Wage: Let the Free Market Decide

On April 14th, Mary Fallin, the Republican Governor of Oklahoma, signed a ban raising the minimum wage.  The bill prohibits cities across the state from establishing mandatory minimum wage and employee benefits, including vacation or sick leave days.  People supporting the new law contend that efforts to increase the minimum wage across various municipalities could potentially harm local business communities.

By mandating an increase in the minimum wage, it requires businesses to fire many of those part-time workers.  It creates hardship for small business owners, stifling job creation and increases costs for consumers.
If people don't want to make minimum wage, then they must have more than minimum job skills, minimum education and a minimum work ethic.  Not only that, minimum wage hurts poor people the most by forcing employers to cut hours and raise prices on their goods.  And, who buys those goods?  Poor people.  They cannot afford higher prices and less hours at work.


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