Tag Archives: Minimum Wage

Jerry Bowyer: Buttigieg: Bad Theology, Bad Economics

Recently, Democrat presidential candidate, Pete Buttigieg, decided to try his hand at Bible application. He argued that the federal government should prohibit any wage lower than $15/hour.

And he quoted the book of Proverbs: “Whoever oppresses the poor taunts their maker.”

When it comes to failure, that’s what we call a two-fer: It was both bad theology and bad economics.

First, bad theology: The Bible is a very long book and it does not specify a specific wage level, ever. The New Testament parable of the workers seems to argue in favor of mutually agreed upon wages, not mandated wages.

And then we have Mayor Pete’s bad economics: There is no doubt that a $15/hr. minimum wage would create a spike in unemployment, and the hardest hit would be the children of the working class and the poor.

Let’s hope the nation is not fooled by either bad economics or bad theology.

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Lanhee Chen: $15 Minimum Wage May Do More Harm Than Good

The Democrat-controlled House of Representatives recently passed legislation to raise the minimum wage from $7.50 to $15 nationwide.

While that might sound good to some, the reality is that such an increase may put up to 3.7 million people out of work, according to the nonpartisan Congressional Budget Office.

Particularly hard hit will be employees at small businesses, which are less likely to have the resources or profits to cover the proposed doubling of the minimum wage. While Democratic lawmakers had an opportunity to exempt the smallest of businesses from their bill, they declined to do so.

The proposed increase in the minimum wage may also have the effect of hurting teenagers or those who may just be getting started in the workplace.

Increasing the minimum wage may seem like a good idea. But like many of the ideas that progressive politicians are trumpeting, it’s likely to do more harm than good.

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