In the SOTU the other night, President Obama told Congress to set the federal minimum wage at $9 an hour. The immediate response from the GOP was the maniacal cackle of the misers who think that showering the lowest-paid workers with money is bad for the economy.
“[W]hen you raise the price of employment, guess what happens? You get less of it,” Boehner told reporters Wednesday morning during a Capitol Hill press conference with the House GOP leadership. “And what happens when you take away the first couple of rungs on the economic ladder? You make it harder for people to get on the ladder. Our goal is to get people on the ladder and help them climb that ladder so they can live the American dream.”
We hear this argument every time someone comes up with raising the minimum wage: oh, it will kill jobs because “job creators” can’t afford to pay their workers such a princely sum. What they’re really saying is, “Oh, we’d love to give the poor people a boost up the ladder to the middle class. But you can’t expect us to pay them.”