I stumbled across an incredibly tortured press release regarding raising the Oregon minimum wage.
Normally minimum wage proponents like to talk about nebulous "fairness", with the implication that only a cold-hearted bastard would oppose raising the minimum wage. So I thought it would be fun to examine what passes for a logical argument for minimum wages.
“It’s an economic stimulus for working families and Oregon,” said Leachman. “It puts money into the hands of the people who are most likely to spend it, spend it quickly and spend it here in Oregon.”
I have never seen a minimum wage supporter come closer to admitting that they are wrong than this. An economic stimulus? Ha ha ha! That's as bad as the recent bailout justifications!
The adjustment reflects the rise in the cost of living as defined by the Consumer Price Index (CPI) and is mandated by ballot Measure 25. Oregon voters approved that measure in 2002, when the state was also reeling from the effects of a recession.
It's a shame that minimum wage is a driver of inflation - this won't result in degenerate inflationary spiral or anything.
With the New Year’s cost-of-living adjustment, an Oregon full-time minimum wage worker will earn $17,472 next year. That’s below the federal poverty line for a family of three.
“We’re still a long way from having an Oregon economy that works for all working families, but a minimum wage tied to the cost of living is a step in that direction,” said Leachman.
What reasonable person would put minimum wage at a level that supports a family of three??? Holy crap! Well, I look forward to seeing the first fully automated McDonalds.
You might be wondering if I see any positives in having a minimum wage. Nope. Not one. It is one of the most immoral social programs that has ever been invented, punishing the most vulnerable members of society: the homeless, drug addicts, mentally disabled, new immigrants, and seniors.
If one believes that it is wrong for people to work at jobs so menial that they would normally get paid below minimum wage, the moral thing to do would be to support more lenient welfare programs - or perhaps the
Fair Tax prebates. You get the same effect of destroying/automating the low paying jobs (why would you work for less than the Government would give you?), but the people that would have worked them at least get replacement income.