At the Des Moines Register-sponsored "soapbox"at the Iowa State Fair, the former Hewlett–Packard CEO said she thought the decision should be left to individual states – not the federal government.
"Why? Because it makes no sense to say that the minimum wage in New York City is the same as the minimum wage in Mason City, Iowa," she said at the event, skipping a big speech to go right into a question-and-answer session with the crowd, the National Journal reports.
"We have to remember that a lot of minimum-wage jobs are jobs where people start, and in those jobs they learn skills to move forward," she added. "So we need to be honest about the consequences of raising a minimum wage too high. One of the consequences is that young people who are trapped in poor neighborhoods will have less opportunities to learn skills and move forward."
Real job growth is created by letting smaller businesses thrive, she added, and forcing smaller businesses to pay higher wages would drive them out of the market.
"Every time we destroy a small business or we destroy a community bank, we are destroying the opportunity for someone to get that first job, learn skills, and get a better job."
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I wish one, just one, candidate would actually site the plethora of studies from non-partisan groups who have examined this problem instead of falling back on their respective party's talking points.
ReplyDeleteRaising the minimum wage directly benefits the democrats by keeping low-skilled people enslaved to them.
ReplyDeleteYou could accurately call it part of their 'War on Blacks', along with abortion.
You don't need a study non partisan or otherwise 12:40 to figure it out. It's common sense.
ReplyDeleteRaising the minimum wage is going to do nothing to take people out of poverty-NOTHING. All it is going to do is make it impossible for some businesses to exist. Businesses like small independent retail stores and places like ice cream shops, coffee shops, etc.
With that in mind also know that those behind raising the minimum wage are big business such as Costco, Walmart, Starbucks, etc. It is a way for them to get rid of the smaller competition and when there is no competition wages will never rise. The more competition and choices for employees is what will make wages rise above poverty level and not raising the minimum wage.
Now we have too many people and not enough employers. It should be the other way around, then wages rise and the whole economy goes up because people have more to spend.