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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWall Street Journal editor: Don’t hike minimum wage because workers ‘learn’ from poverty
Sounds like this asshat needs a pay cut. Maybe he'd learn something then.
Wall Street Journal Editor Paul Gigot argued on Sunday that the minimum wage should be kept low because it would teach workers that they did not want to work low-wage jobs.
During a panel discussion on ABCs This Week, Gigot predicted that a decision in Seattle to hike the minimum wage to $15 an hour would eventually backfire.
I think what [Mayor Ed Murray] is going to find out is hes pricing a bunch of people out of the labor market, Gigot opined. Particularly the young, the least skilled, teenagers, people who want to go in and gen in on that basic, bottom rung of the economic latter and move up.
Look, I worked for the minimum wage, he explained. Two bucks an hour back in the 1970s. I had jobs that what did I learn? I learned to show up on time, I learned certain skills, and I learned I didnt want to make the rest of my life so I better get an education.
The Nations Katrina Vanden Heuvel pointed out that only one out of 10 minimum wage workers were teenagers in todays economy.
Morally, what does it say about America if youre an American, and you work full time, and you live in poverty, its a broken economic system, she insisted.
If productivity gain enormous productivity gains of the last four decades were factored in, the minimum wage today would be $22.
http://www.rawstory.com/rs/2014/06/08/wall-street-journal-editor-dont-hike-minimum-wage-because-workers-learn-from-poverty/
Warpy
(111,243 posts)I did and I was far from alone.
There is a great deal of rage out there and this ninny will likely be a target of it if it boils over soon.
yeoman6987
(14,449 posts)They all act like it is tomorrow.....silly folks. Of course supporters are just as bad with their congratulating each other over a bad law. If you are going to raise the minimum wage at least do it within a year and not the next decade.
nadinbrzezinski
(154,021 posts)in 1970
Larkspur
(12,804 posts)to train his Indian replacement before being laid off.