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Reader View: Minimum-wage hike would hurt families

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Posted: Saturday, June 7, 2014 7:00 pm

Because of the sluggish national economy, our New Mexico economy is still in recovery mode. Job growth is low, there is a lack of confidence in consumers and businesses for recovery, and the justifiable fear of increased prices for food, fuel and now health insurance premiums is weighing heavily on the minds of most New Mexicans. Progressives think raising the minimum wage will alleviate these fears in our society. They are either sadly misinformed or have a hidden agenda.

Progressives argue that raising the minimum wage makes good economic sense. They claim it would provide New Mexicans with more money to spend and to invest, thereby boosting economic growth and activity. Their argument continues, speculating that an increase in the minimum wage will automatically make workers more productive and that this would magically translate to increased business profits.

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4 comments:

  • Pierce Knolls posted at 8:40 am on Tue, Jun 10, 2014.

    Mister Pierce Posts: 1688

    Yup, that's exactly my point. Proponents of increasing the minimum wage would have us believe that folks earning the minimum are impoverished to the point of social injustice, but that's just not the case. The only way a full-time minimum wage worker falls below the poverty level is if they have too many dependents, and that's a family planning problem, not a wage problem.

     
  • Peter Neal posted at 7:23 am on Tue, Jun 10, 2014.

    PeterNeal Posts: 292

    Your response highlights the crux of the problem. Why is it the responsibility of government/taxpayers, (or businesses) to "subsidize" the income of families so as to bring their standard of living to a certain level? Progressives rarely talk about personal responsibility or expectations that people should make smart decisions- instead, once those bad decisions have been made (" hey, babe, I know we both only make minimum wage, and we're 19 years old, but let's have kids") they get in line for government benefits, and start demanding $15.00 an hour to flip hamburgers.

     
  • Pierce Knolls posted at 11:18 am on Mon, Jun 9, 2014.

    Mister Pierce Posts: 1688

    What does a family of four have to do with the minimum wage? Why would someone get married and have two kids if they were only making minimum wage and their spouse wasn't working?

    Federal poverty level for a family of three is just $19,530. Federal poverty level for a family of four is $23,550. With two parents each working a full-time job at New Mexico's minimum wage of $7.50, they're earning $31,200 annually, well above the poverty level for a family of four. In Santa Fe, where the Living Wage is $10.66, their combined annual income would be $44,346, close to double the poverty level for a family of four.

     
  • Harvey Morgan II posted at 2:04 pm on Sun, Jun 8, 2014.

    Harveytime Posts: 10

    2 questions. How long should a starter wage last? Is the $27,900 figure based on a family of 4?

     

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Today’s New Mexican, July 26, 2014

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