To the Editor:
There’s a lot of talk lately about income equality (a phony concept promoted by a naive president who never held a job in the private sector).
Chicago Democrats now are talking about increasing the minimum wage to $15 per hour. As with all liberal ideology, they don’t take into account the consequences of their actions. They claim that the extra money that is being earned would be spent to stimulate the economy, when it would actually be a killer for businesses.
If the minimum wage is $15 per hour, employers would be more reluctant to hire people off the street. They would simply require current employees to work extra hours instead of hiring more workers.
Another thing our liberal friends don’t take into account is how it would affect the pay structure of the entire company. How would you like to be making $15 per hour after working for a company for five years, only to find that a new person (with no experience) is hired in at your current rate of pay? The business would either need to raise all other salaries proportionally or deal with some serious morale issues from employees.
The minimum wage is meant to be an entry level salary for temporary workers or for those with minimal marketable skills. It never was meant to be a living wage. To increase it to the levels being proposed by the progressives would serve to only further hurt the economy, rather than help it.