The American Spectator

home
ADVERTISEMENT
Print Email
Text Size

The Spectacle Blog

Edwards Economics

I asked Andy Roth from Club for Growth about Edwards' proposal to increase minimum wage and its effect on unemployment. Here was his response:

"If you ask 100 economists, you'll get 100 different answers, but consider this: Labor costs would go up 75% for employers who pay only minimum wage ($5.15 to $9.00). That's not chicken feed to a lot of small business owners.

But why would Edwards increase it to $9.00? If he really cared about low income workers, he'd increase it to $10. Or even $15. Or maybe $400 an hour. I bet there are a lot of people who work harder than hair stylists, and thus deserve more."

topics:
Business

Leave a comment

Leave a Comment

N.B. We encourage readers to share and discuss their thoughtful and relevant comments about this Spectator article. Comments are routinely monitored and will be deleted if profane, bigoted, or grossly impolite. Please be respectful. (And don't feed the trolls!) Thank you.

Related Blog Posts

More Blog Posts by Jennifer Rubin

http://spectator.org/blog/2007/07/23/edwards-economics

ADVERTISEMENT

SPONSORED LINKS

Special Feature

Better that we become a nation of choosers rather than beggars. Our symposium on choice from the May, 2012 issue:

A Time for Choosing

James Piereson

The Road from Serfdom

Stephen Moore and Peter Ferrara

FLASHBACK TO: 1984

Clip of the Day

Most Popular Articles

Meet the Flukes!

F. H. Buckley | 5.25.12

The Wisconsin Turning Point

Peter Ferrara | 5.23.12

In Search of Muhammad

Aymenn Jawad Al-Tamimi | 5.25.12

Age and Kyl

Quin Hillyer | 5.25.12

Follow Me

Jay D. Homnick | 5.25.12

A Test of National Honor

Hal G.P. Colebatch | 5.25.12

How About the Record of DOE Capital?

William Tucker | 5.25.12

The Great Debate

R. Emmett Tyrrell, Jr. | 5.24.12

ADVERTISEMENT