Wed, Feb 13, 2013 at 10:52:53 am
One of the big points in President Obama's State of the Union address was his call to increase the federal minimum wage from $7.25 an hour to $9.00 an hour, to help lift families out of poverty and give the economy another much-needed boost.
So of course, the Republican Party reflexively opposes the idea, as they do all ideas that don't benefit the wealthy -- or that originate from President Obama. You knew this was coming: Top Republicans Oppose Minimum Wage Hike.
RYAN: I think it’s inflationary. I think it actually is counterproductive in many ways. You end up costing job from people who are the bottom rung of the economic ladder. Look, I wish we could just pass a law saying everybody should make more money without any adverse consequences. The problem is you’re costing jobs from those who are just trying to get entry level jobs. The goal ought to be is to get people out of entry level jobs into better jobs, better paying jobs. That’s better education and a growing economy. Those are some of the things he talked about and I don’t think raising minimum wage — and history is very clear about this — doesn’t actually accomplish those goals.
RUBIO: I want to see people making a lot more than $9 an hour in the United States. And the way do you that is through rapid economic growth where people are being paid a lot more than that. $9 is not enough. I think we all would want that. The question is is a minimum wage the best way to do it? And history has said the answer is absolutely not. In fact, the impact of minimum wage usually is that businesses hire less people. That’s the impact of it. They’ll just hire less people to do the same amount of work…We have a lot of history to prove that the minimum wage , raising the minimum wage does not grow the middle class.