First, the good news: economic prospects for entry-level workers in California and parts of New York have just massively improved. Governors Jerry Brown and Andrew Cuomo just signed bills to increase their state’s minimum wages to $15 per hour.
Governor Cuomo’s celebration of the new law, where he was joined by Hillary Clinton, contained the standard “Raise the Wage” talking points:
“At $9 an hour you can’t afford to raise a family in New York and that’s why we’re going to raise it to $15 an hour to restore fairness and decency.”
Jerry Brown’s announcement in Los Angeles contained much of the same type of feelings-oriented sentiment as did Cuomo’s, but it also contained 2 elements of actual truth that are rarely heard from progressives:
“Economically, minimum wages may not make sense. But morally, socially, and politically they make every sense because it binds the community together to make sure parents can take care of their kids.
(Work is) not just an economic equation, but part of living in a moral community.”
Firstly, it is utterly impossible to justify a minimum wage from an economic perspective and it is refreshing to hear Brown acknowledge something almost every serious person understands to be true.
Although fairness and decency are terrific things, to be sure, they don’t address three never-mentioned truths of economics…
Read the rest at IndependentJournal.
Photo credit CAStateLibrary