Friday, August 11, 2006

Blunt: Minimum wage boost would harm economy

From the A.P. Friday morning:

JEFFERSON CITY, Mo. (AP) - Governor Blunt comes out in opposition to a ballot measure boosting Missouri's minimum wage.

The November proposal would raise the $5.15 minimum wage to $6.50 in Missouri. And it would go up each year after that to keep pace with inflation.

Blunt says the ballot measure would be "harmful to job growth and economic development in the state."

The governor has been running ads touting almost 45,000 new jobs in Missouri. He says that raising Missouri's minimum wage above the federal level would make it more difficult to attract businesses to the state.

Supporters say a high minimum wage would lead to more consumer spending and more state tax revenues.

FYI, using blue book numbers, Blunt makes $57.73 an hour. ($120,087 / 40 / 52)

3 comments:

The Libertarian Guy said...

I still find nothing in the Constitution, save a tortured misinterpretation of the "for the general welfare" part, that gives Congress the power to regulate hourly pay.

At best, if it must exist, minimum wage should be a states' rights issue.

The Libertarian Guy said...

Well, that just shows how the Supreme Court can make a mistake... the minimum wage should be up to the STATES, not an edict handed down From On High, by the Lords of Washington, D.C. Period.

BTW, I'm still waiting for the Kennedys to hand over 40%+ in estate taxes, the next time one of 'em croaks.

This idea of smearing good, decent rich people by comparing them to the addle-headed waif known as "Paris Hilton", baffles me. Ralph Nader, Nancy Pelosi, the Gores, the Kerrys... all multi-millionaires. Why aren't they paying their fair share?

The Libertarian Guy said...

We should also get to vote on Congressional pay raises. *We* can't raise OUR pay when we darn well please...