Home
In this issue
April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review March 23, 2012/ 29 Adar, 5772

Why not $100-an-hour minimum wage?

By Deroy Murdock




http://www.JewishWorldReview.com | From coast to coast, politicians want to hike the minimum wage. New York State legislators aim to lift it from $7.25 to $8.50 per hour. California lawmakers are weighing a boost from $8 to $8.50.

Ralph Nader recently urged the Occupy movement to demand that the federal floor increase from $7.25 to $10.

Former Massachusetts Gov. Mitt Romney told CNBC's Larry Kudlow on March 6, "There's probably not a need to raise the minimum wage." In January, however, Gov. Etch-a-Sketch said he would "allow the minimum wage to rise with the CPI [Consumer Price Index] or with another index so that it adjusts automatically over time."

Tragically, these proposals don't go far enough.

What America needs is the economic equivalent of a 24-hour energy drink. Why not a $100-an-hour minimum wage?

If every worker legally were guaranteed this amount, just imagine the possibilities:

Assuming 52 weeks of labor at 40 hours each, every American would earn at least $208,000 annually.

This sum literally would move the typical American from rank-and-file to rich. Today's $40,584 average individual income would quintuple. Why? Because Washington said so. Rather than a nation in which the top 1 percent fears the rage of the 99 percent, Americans could live harmoniously as 100 percent of workers would occupy, at worst, the top 3 percent. Thus, the Class War would conclude peacefully after it barely began.

Even greater benefits would flow like honey, if not like pancake syrup.

With at least $208,000 to spend annually, each worker could buy tons of luxury goods. Tiffany's, Nordstrom's, and Coach Stores could stay open 24/7 as hundreds of millions of Americans suddenly could afford their previously pricey products. The Four Seasons could fill every suite. And the airlines could add extra first-class seats, since traveling up front would become affordable for everyone with a paycheck.

This super stimulus would propel America's GDP to Himalayan heights. A $100-per-hour minimum wage would give America's 133 million workers at least $27.7 trillion in combined buying power - every year!

Of course, this figure will climb even higher as this hefty new wage inspires virtually everyone not working to flood the labor market. With all the money that employers will make in increased sales, it will be a snap for them to hire America's 12.8 million jobless people, at a minimum cost of some $2.7 trillion annually. At long last, this will end - not mend - unemployment.

And consider the windfall for the government! The U.S. tax code establishes a 33 percent tax rate on everyone earning $208,000. Irrespective of deductions, this would translate into roughly $9.1 trillion of income tax revenues every year. This Niagara Falls of cash could help Uncle Sam pay his bills. Bye bye, national debt!

Now, some party poopers might argue that the government has no right to tell employers how much to pay their employees. However these naysayers forget that the minimum-wage law says nothing about how much to pay, just how little. Employers certainly could pay employees more than $100 per hour.

Others may wonder where employers would find the money to finance this modest proposal. This question is impertinent and perhaps a little bit racist. Far worse, it lacks imagination. After all, imagination settled the American West, whisked Americans to the moon, and even invented Strawberry-Daiquiri Jell-O. Where there's a will, Americans find a way.

Amid such myopia, simply listen to George Bernard Shaw. As he famously put it: "You see things; and you say, 'Why?' But I dream things that never were; and I say, 'Why not?' " With words like that, who needs a magic wand?

A $10 or even $12 hourly minimum wage represents the kind of small-mindedness that subverts the American Experience. $100 an hour reflects the boldness that built these United States. And just imagine the beauty of a $1,000-an-hour minimum wage.

Come on, America. Think big. Think really, really big!

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment by clicking here.

Deroy Murdock is a columnist with Scripps Howard News Service and a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University.



Previously:

03/15/12: The real (high) cost of Obama's health care act

03/09/12: Race-baiting Dems oppose voter ID

03/02/12: Forget kids --- today's debt hurts adults

02/24/12: Dems arise against Obamacare

02/17/12: The voting dead are understated

02/10/12: Holder takes on 'racist' photo-ID cards: Prejudice is widespread --- even Obama backed them

02/03/12: On tax plans, Gingrich trumps Romney

01/27/12: Photo IDs can protect elections, let dead rest

01/20/12: Romney runs hot and cold on global warming

01/13/12: Economic freedom declines in U.S.

01/06/12: Time to yank off Mitt's mask

12/23/11: Boehner hands Dems a gift

12/15/11: The U.S. could learn much from Hong Kong

12/09/11:$687 billion is available to Congress free of strings

12/02/11: Obama criticizes Wall Street but takes money from it

11/18/11: Puerto Rico shows Washington the way

11/11/11: Take heed, America: In Ohio even left-wing unionists voted to repeal ObamaCare

10/28/11: Thanks, Netanyahu, for surge of hardened terrorists

10/24/11:The Obama Spend-O-Rama

10/17/11: Cain stakes his viable claim just by showing up

10/07/11: Green jobs are national scandal

10/04/11: Obama proudly declares class war

09/23/11: Obama wrong about ‘Do-Nothing’ Congress

09/16/11: Obama needs Ryan's vision on jobs

09/09/11: Reaganomics trounces Obamanomics

09/02/11: Labor leaders to Obama: Stop killing jobs

08/26/11: Pro-market Perry vaults over Romney in GOP race

08/19/11: Some rich Americans will not rest until Washington boosts their taxes

08/12/11: Hope, change and free birth control for all

08/05/11: Debt deal does virtually nothing

07/21/11: Dems pro-choice on abortion but little else

07/15/11: Debt deception: If only Dems were honest and GOPers were courageous

07/08/11: Congress' war on light bulb blows up





© 2011, SCRIPPS HOWARD NEWS SERVICE

Columnists

Toons

Lifestyles