Will Republicans Prove Chuck Schumer Right?
Sen. Charles Schumer (D-NY) 9% predicted that within six months, Republicans would cave on raising the minimum wage to $10.10 per hour from the current $7.25 per hour.
“There are lots of different areas where we can compromise,” Schumer said.
$10.10 is important for one reason, and very important to us, which is, it’s the bare minimum you work 4o hours a week, you get out of poverty. Our fair shot agenda, why we push minimum wage, you should have a fair shot at getting out of poverty if you work 40 hours a week.
We’ve told our Republican colleagues, we want to negotiate. But I’ll make a prediction here. Just like unemployment insurance, they know they’re on the wrong side here. We’ll get a deal on minimum wage within the next six months.
When asked about one of the main reasons for Republican opposition to raising the minimum wage — that doing so will eliminate many minimum wage jobs — Schumer simply responded that “the economists are on both sides of that,” and a lot of “money will be pumped into the economy” when the minimum wage is increased.
He brazenly neglects several other critical considerations, to the detriment of low-skilled workers:
- The minimum wage has followed the productivity of minimum wage jobs. Increasing the minimum wage as liberals have proposed would force employers to reduce jobs and increase prices.
- Few people actually raise families on a minimum wage job. The ‘fair shot’ talking point sounds nice, but in actuality, the minimum wage increase would merely prevent unskilled and inexperienced workers from getting a start at the bottom of the economic ladder.
- Teenagers, not single parents, comprise the majority of minimum wage workers. Increasing the minimum wage would simply mean fewer employment opportunities for poor families.