Just When You Thought Obama Had Damaged The Economy Enough…

Photo Credit: Western Journalism

Photo Credit: Western Journalism

In an op-ed for the Las Vegas Sun, President Obama gave his argument for supporting the proposed minimum wage increase, which would increase the federal minimum wage rate by nearly 40% from the current rate of $7.25/hr to $10.10/hr.

In the article, the President made claims that are false. According to him, a full-time employee making $7.25/hr would be living in poverty. By the federal government’s own poverty threshold, a single person household working 40 hours a week at minimum wage is making nearly 20% more than the poverty threshold.

Second is the effects that this would have on education. A teacher in Mississippi who graduated with a bachelor’s degree will be earning an insignificant 15% more than an unskilled employee working as a drive-thru clerk or Quik Stop cashier. With this law, there will be convicted rapists and even murderers (there are thousands of convicted rapists and murderers released from prison each year), many of whom have no skill at all, earning nearly as much as the people who educate our children. While it is true that most minimum-wage workers are not convicted felons, it is a fact, however unpleasant it may be, that a vast majority of them are unskilled workers.

What incentive is there for someone to go to college? The average bachelor’s degree costs a student over $30,000 and four years of their lives. The only way people are going to get out of poverty is to become a skilled worker rather than an unskilled one, and that is done through education, not minimum wage increases. This legislation removes the incentive to go to college. If all someone had to do to raise a family is flip burgers or wash dishes, those jobs would be in much higher demand. But there’s a reason employers don’t want to pay unskilled workers wages as high as skilled workers.

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