RAISE THE MIMIMUM WAGE – It’s Sound & Ethical Economics.
Connecticut Business & Industry Association Opposes An Increase in the Minimum Wage!
The question is WHY? An increase in the minimum wage will benefit employees, tax-payers and the state. People need to earn a livable wage so they do not have to be a financial drain on the state; they can lift themselves out of poverty, and care for their families.
- The very people opposing a livable minimum wage are those who are also complaining about people needing to pull themselves up by their boot straps.
- If there is no increase in the minimum wage from year to year, how will working people who only earn minimum wage keep up with the cost-of-living in Connecticut, or ever get out of poverty?
- Increasing the minimum wage makes sound economic sense.
- Executives in big business earn more in bonus than they pay all of their minimum wage employees combined. How many of these financial big-shots will forego their bonuses this year?
The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment.
- The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years.
- Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage.
Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.
CT is a state with a high cost of living. Businesses are always raising the cost of their products and services; yet, the industry is advocating keeping entry–level and minimum wage employees in poverty although they are working full-time. It is unconscionable and unethical. They force such employees to be a burden to the state and to tax-payers; many minimum-wage employees must get state subsidies in order to survive and take care of their families. All of us have a vested interest in everyone being self-sufficient.
This is another reason why everyone NEEDS access to affordable health care; it makes for more healthy communities and reduce the overall cost of health care to the rest of us. Connecticut derives no benefit from creating a permanent underclass of citizens.
- Millions of Americans over the age of 25 depend on minimum wage jobs for full-time work; it is a fallacy to believe that minimum wage jobs are only taken by teens who live at home with their parents.
- We should ALL support the governor’s proposal to increase the minimum wage over the next two years; as citizens, we have nothing to lose snd much to gain.
- Under the new law (Public Act No. 13-117), effective January 1, 2014, the state minimum wage will rise from $8.25 per hour to $8.70 per hour.
The Job Loss Myth | Raise The Minimum Wage
Right-Wing Media's History Of Attacking The Minimum Wage ...
While the Right-Wing Media's Campaign Against Raising The Minimum Wage may seem to be reasonable, it is inherently flawed and the facts are twisted to comply with an agenda http://youtu.be/fZfxk6NJ89Y
Comparative graph from 1938- 2013 mediamatters.org/...of...mini/195026