
Rep. Jay Obernolte: If Biden's $15 minimum wage happens, for 1.4 million Americans the real wage will be $0
Fox News
By increasing the federal minimum wage, President Biden is attempting to address the symptom of income inequality rather than the cause, which would ultimately ensure that many Americans in low-income jobs are no longer able to work at all.
Unfortunately, by increasing the federal minimum wage, President Biden is attempting to address the symptom of income inequality rather than the cause, which would ultimately ensure that many Americans in low-income jobs are no longer able to work at all. Raising the minimum wage is certainly not a new idea nor is it unique to the COVID-19 pandemic, and it should not be treated as such. Economists are clear that income inequality is the result of a multitude of factors: globalization, technological advancement, the efficient employment of capital, and changing institutions, to name a few. Attempting to address income inequality without taking on these root issues is the equivalent of putting a Band-Aid on a bullet wound.More Related News