Saturday, January 18, 2014

Raising Pay, Conservatively

THERE IS A GOOD CONSERVATIVE ARGUMENT for raising the minimum wage. A good, solid, common sense conservative based argument, and you wouldn't expect that. Seems like arguments for raising the minimum wage always come from liberals, and arguments against it come from conservatives. But yes, there is a good conservative reason for raising federal and state minimum wages. It is as follows; the working poor receive a great deal of government assistance, overall, to compensate for their lack of income, and subsequent inability to pay the costs of food, clothing, and shelter for their children and families. By raising the mimimum wage, workers with children will once again be able to afford their children, and the government can step out of the picture. All of the poverty in America, and there is a considerable amount of it, has inspired government growth, in terms of spending and bureacracy, in the social spending sector. Traditional free enterprise theory says that it is natural and normal for businesses to seek to maximize profit by keeping labor costs as low as possible. Its that simple. As long as society is willing to refrain from using government to aid the impovished workers, free enterprise flourishes. But when society insists on government intervention in poverty, then the creation of poverty through low wages is counterproductive to business interests. It becomes burdensome for business, in the long run, to thrive in an environment in which the middle class is burdened with big government. Better to have an economic system in which all jobs are good jobs, with reasonable remuneration, and economic growth is sufficient to keep full employment. There is no economic theory which says this is impossible.

No comments:

Post a Comment