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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWall Street Journal editor: Don’t hike minimum wage because workers ‘learn’ from poverty
Wall Street Journal Editor Paul Gigot argued on Sunday that the minimum wage should be kept low because it would teach workers that they did not want to work low-wage jobs.
During a panel discussion on ABCs This Week, Gigot predicted that a decision in Seattle to hike the minimum wage to $15 an hour would eventually backfire.
I think what [Mayor Ed Murray] is going to find out is hes pricing a bunch of people out of the labor market, Gigot opined. Particularly the young, the least skilled, teenagers, people who want to go in and gen in on that basic, bottom rung of the economic latter and move up.
http://www.rawstory.com/rs/2014/06/08/wall-street-journal-editor-dont-hike-minimum-wage-because-workers-learn-from-poverty/
What a dick.
newfie11
(8,159 posts)So he can "learn from poverty".
Atman
(31,464 posts)It's like trickle down -- how many years do you have to try something to see that it isn't working?
HughBeaumont
(24,461 posts)bemildred
(90,061 posts)raccoon
(31,110 posts)Edited to add: What a clueless idiot this man is!
mindem
(1,580 posts)repuke policies are pro-poverty.