Notice how the Democrats
are always talking about extending unemployment benefits and, lately, raising
the minimum wage.
For their own sakes, not
to mention the nation’s, they need to tap into the depth of experience in their
policymaking think tanks and recognize the problems we face are more complex,
demanding a broader approach.
The public is ahead of
them on this one. The reliable Rasmussen poll says the nation supports the
minimum wage but opposes more unemployment benefits.
While raising the minimum
wage looks appealing, the timing might be off. Even conservative economist
Arthur Laffer suggests this might have merit, but only at the state level,
where conditions vary from place to place. To that end, a movement has been launched to raise the minimum wage in Michigan.
It should be kept in mind
that we have several problems: income growth is dismal; the job recovery is the
worst in modern history; employers are dealing with an array of problems right
now, not the least of which is implementation next year of the Affordable Care
Act.
Businesses are already
behind the curve in creating jobs. Why throw another requirement at them right
now?
The Republicans are
correct in their focus on job creation. We’d get further if the two parties
would work together on this one. They both have good ideas if they put them
forth, eschewing the sound bites in the process.
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