Economists all agree that this misguided attempt to help the poor is only going to hurt the people these liberals claim to be helping. Business owners are already planning on how many employees they must dump like yesterday's garbage to be able to continue to meet there payroll, and for those who are able to keep the same number of employees, they must raise their prices to cover their increased payroll, so you and I will be forced to pay for these new mandated pay increase.
A minimum-wage job is often a rite of passage for teenagers. But will Connecticut employers hire more teens at higher wages? Common sense says no. So do studies at major universities, which have found that for every 10 percent increase in the minimum wage, there's a significant decline in teen employment, from 3 to 9 percent.
The hike proposed by Democratic lawmakers would raise the $8.25 hourly pay to $9 in July (making it the second highest in the nation) and $9.75 next year. Thereafter the hike would be tied to the rate of inflation.
60 years of studies show that raising the minimum wage reduces employment in 2 ways. First many employers must reduce existing staff to keep their total payroll at the same level it was before the raise, and second, employers avoid expanding with new employees because of the added expense.
You can just about assume that anything Danny Boy supports is going to be terrible for the overall population of this state. It is almost as if he is purposely destroying this state from within.
Danny Boy has clearly demonstrated he is little more than a puppet who dances whatever dance his union masters order him to dance like one of their little slaves.
Tell me just one thing that Dictator Dan has done that will actually help improve the Connecticut economy which has been Devastated at the hands of socialist Democrats?
Economists all agree that this misguided attempt to help the poor is only going to hurt the people these liberals claim to be helping. Business owners are already planning on how many employees they must dump like yesterday's garbage to be able to continue to meet there payroll, and for those who are able to keep the same number of employees, they must raise their prices to cover their increased payroll, so you and I will be forced to pay for these new mandated pay increase.
ReplyDeleteA minimum-wage job is often a rite of passage for teenagers. But will Connecticut employers hire more teens at higher wages? Common sense says no. So do studies at major universities, which have found that for every 10 percent increase in the minimum wage, there's a significant decline in teen employment, from 3 to 9 percent.
ReplyDeleteThe hike proposed by Democratic lawmakers would raise the $8.25 hourly pay to $9 in July (making it the second highest in the nation) and $9.75 next year. Thereafter the hike would be tied to the rate of inflation.
60 years of studies show that raising the minimum wage reduces employment in 2 ways. First many employers must reduce existing staff to keep their total payroll at the same level it was before the raise, and second, employers avoid expanding with new employees because of the added expense.
ReplyDeleteYou can just about assume that anything Danny Boy supports is going to be terrible for the overall population of this state. It is almost as if he is purposely destroying this state from within.
ReplyDeleteThe only people Dictator Dann seems to care about are the unions that line his pockets with all that dirty money funneled into his campaign coffers.
ReplyDeleteDanny Boy has clearly demonstrated he is little more than a puppet who dances whatever dance his union masters order him to dance like one of their little slaves.
ReplyDeleteTell me just one thing that Dictator Dan has done that will actually help improve the Connecticut economy which has been Devastated at the hands of socialist Democrats?
ReplyDelete