Most Americans want to make it more difficult for young people to get a job. Most Americans want to increase both inflation and unemployment. Most Americans want to transfer vast amounts of wealth from America’s youth to middle-aged union members. Most Americans want to increase poverty among America’s most vulnerable workers. Most Americans want to hobble the economy further and, in exchange, get nothing in return.
The above would represent inescapable conclusions if we were to assume that the American people were not, by an large, profoundly ignorant of the iron clad laws of economics. Alas, they are ignorant. They don’t want any of the above. They do, however, support policies that will lead directly to these outcomes. Witness…
By a wide margin (71% to 26%), the public favors increasing the minimum wage from its current level of $7.25 per hour to $9.00 an hour. But while large majorities of Democrats (87%) and independents (68%) favor raising the minimum wage, Republicans are evenly divided (50% favor, 47% oppose).
Among all Republicans and Republican-leaning independents, those who agree with the Tea Party oppose the proposed minimum wage hike by two-to-one (64% to 32%). Those who have no opinion of the Tea Party, or disagree with it, favor increasing the minimum wage by 60% to 36%.
Even one third of Tea Party supporters also support an increase in minimum wage. Face palm…Share