Mak,
The minimum wage debate shows that conservatives no longer have the Midas touch on the economy (if they ever had it). Every time we get into one of these minimum wage debates, the CONS always say it will cause more inflation and higher unemployment. That, simply, is not true. In the 90s, we had a real dollar higher minimum wage than the 80s (when Reagan didn't raise it for 8 years) and yet we had LOWER unemployment and LOWER inflation in the 90s. The rationale behind the right-wingers position is okay in theory, but it has lost touch with the real world. In today's environment, what really drives inflation are fixed commodity costs (gas, electric, food, other unavoidable costs). The minimum wage is so low as to have no real impact on inflation. Besides, the last few times there have even been minimum wage hikes, the Democrats have sweetened the pot for businesses by providing reduced taxes on training costs as well as expanded tax deductions for equipment.
This whole argument, however, just shows how much the right-wing has won this debate. Democrats have to BEG just to get a modest minimum wage hike, which is nearly 50% less than the real dollar minimum wage of the late 60s.
But here's what really soils my pants. CONS say that the rich having more money in their pockets spurs the economy. But they also say that the WORKING poor having more money slows it down. How can that be possible? If consumers having money is good, then let?s make it so. A multibillionaire getting a few million in tax cuts that they can't spend is good. But, the WORKING poor that works hard and plays by the rules and gets what amounts to little more than $700 after taxes is bad? I mean, EVERY DIME that the minimum wage worker EARNS gets immediately placed right back in the economy in more goods and services.
But again, the economy (to right-wingers) is more about hegemony than anything else. How sad this country has become?
Right-wing logic is simple:
* Billionaires getting millions = GOOD
* The WORKING poor getting hundreds = BAD
Any questions?
LaMont