Dump Minimum-Wage Hike
The countrywide push for a minimum-wage hike by the liberal left is a mirage. While a wage hike would increase paychecks of the poorest of the poor and those with entry-level employment, what the Democrats don’t tell America is how it will affect the rest of us. When small business and corporations are forced to dig into their pockets to shell out the extra doe, two additional things will happen: they will raise the price of their products and they will slash the 40-hour work week. Why? Because raising the minimum wage is unsustainable. “When the Democrats talk about raising the minimum wage, they’re just demagoguing,” says political pundit Dick Morris. “What they should do is reach into their pockets–the federal treasury–and increase the earned income tax credit to take account for the disparity between wage levels and affordability levels.” Morris closes out the week with some sage advice on the issue.