Pelosi's hypocrisy on the minimum wage

Democrats made a great deal of political hay last November over the unwillingness of "heartless" Republicans to raise the minimum wage.

Never mind that a higher minimum wage means that people at the lower end of the economic scale lose their jobs. It's a matter of simple math: the amount business have to pay out in wages is finite. Increase the amount each individual employee has to be paid, and businesses (especially those of the kind most likely to offer minimum wage jobs in the first place) have no recourse but to lower the number of employees t0 whom they have to pay it.

But Democrats- as usual- were more interested in demagoguing the issue through misleading emotional appeals than in debating the actual consequences and substance the idea. Now the newly-Democratic House has voted to raise the minimum wage to $7.25.

Except for fish canneries important to Speaker Nancy Pelosi's district.


HT: Drudge