Raising minimum wage will help the economy

2013-08-02T00:00:00Z Raising minimum wage will help the economy stltoday.com
August 02, 2013 12:00 am

Although the idea of a $15 minimum wage is ridiculous, there is no question the minimum wage needs to be increased. The standard argument against this idea is employers will lay off people who are marginal employees. Well, in looking at the state of the economy, there are a lot of people still unemployed. There are very, very few employers who are overstaffed. That went out with the recession. Plus, there are many unfilled minimum wage jobs out there. I see "help wanted" signs all the time.

Henry Ford once angered many of his contemporaries for deciding to increase the pay of his workers. He decided to do so because he realized those working for him could not afford to buy the cars they were building. When you raise the pay of those on the lowest rung of the wage ladder, the money goes right back into the economy, thus boosting the economy and increasing employment. It is very short-sighted to think that all it does is hurt marginal employees.

Kerry S. McGill  •  St. Albans

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