Topic: Legislation
(What are "political devotions"? Click here.)
Here's an important alert for Californians from the National Taxpayers Union:
Abundant economic research has shown that minimum wages - and by extension, any increase in them - do more harm than good, particularly to the very workers they aim to protect. Not only do higher minimum wages fail to raise overall wage levels, they actually reduce overall employment by making unskilled and teenage workers more expensive to hire. Worse, by raising the cost of labor to businesses, the starting wage laws raise inflation, thus sticking all consumers with an unnecessary and economically unhealthy "tax hike."It includes a CapWiz-type e-mail form and sample message.
California's position is more tenuous than those of most other states. Businesses there already face high taxes and a poor business climate. Yet another hike in the cost of doing business could spur an exodus to Nevada, Arizona, and other states where such costs are far lower.
Posted by Tim
at 1:43 PM EDT
