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January 11, 2007
With the Democrat Party in control of both houses of the US Congress, get ready for their socialist schemes that sound enticing, but will spell disaster for the US economy.
With the lowest unemployment rate in years -- 4.5% -- the Democrats and their echo chamber, the news media, are telling Americans they have serious problems that jeopardize their financial security and future employment.
Many of our lawmakers believe it should be their decision what Americans can be paid and to what benefits they are entitled.
Despite the flourishing US economy and record low unemployment level, low-skilled jobs—such as the retail and leisure and hospitality industries—are in decline. These jobs will be further threatened by the prospect of a federal minimum wage hike, warns the Employment Policies Institute.
Decades of economic research prove that raising the minimum wage reduces job opportunities, particularly for people with few skills. When faced with the increase in labor costs that attend minimum wage hikes, employers often respond by hiring more skilled applicants, automating jobs, or cutting back on customer service.
Contrary to the opinion of proponents of minimum wage hikes, a rising tide doesn’t necessarily lift all boats, and an extremely healthy skilled job market often masks an ailing low-skilled job market, said an EPI spokesperson.
"The unintended consequences of a minimum wage hike will disproportionately affect low-skilled jobs while skilled labor may continue to flourish," said Jill Jenkins, EPI’s chief economist.
"In other words, if two computer programmer jobs are created and one less grocery store checker is hired, the net job creation is positive, but you’re still seeing a decline in entry-level job opportunities."
The Employment Policies Institute is a non-profit research organization dedicated to studying public policy issues surrounding employment growth. In particular, EPI focuses on issues that affect entry-level employment.
Among the issues currently being explored, EPI researches the impact of new labor costs on job creation, explored the connection between entry-level employment and welfare reform, and analyzed the demographic distribution of mandated benefits. EPI sponsors nonpartisan research which is conducted by independent economists at major universities around the country.
Visit the Employment Policy Institute: epionline.org
Nathan Tabor is the Founder and CEO of TCVmedia.com and TheConservativeVoice.com. After just eighteen months, The Conservative Voice has over 100 columnists and features up-to-the-minute news. He is heard daily on over 250 stations nationally with AConservativeMoment.com. gets over 250,000 unique visitors a month, 1.7 million page views and has over 150,000 email subscribers.
At 29, Nathan ran for Congress (NC5) in an eight way primary. He raised over $750,000 and received over 7,500 votes in the most expensive primary in American history. Nathan's supporters included Dick Armey, Ed Meese, Steve Moore, Art Laffer, Pat Robertson, Bob Jones III, Congressmen Robert Aderholt, Congressmen Trent Franks, Congressmen Jim Ryun, Beverly and Tim LaHaye, Mike Farris and many others. Dr. Jerry Falwell dubbed him the "young Jesse Helms."
Nathan received his BA in psychology from St. Andrews Presbyterian College and his MA in public policy from Regent University.
Nathan is married to Jordan and they have a baby girl, Abigail.
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