Tuesday, October 7, 2014

A Big Deal Over So Little ($)

Yesterday, a very special guest appeared at Casa Don Juan in Downtown Las Vegas. Vice President Joe Biden stopped by to host a roundtable discussion on raising the minimum wage. Rep. Steven Horsford (D-North Las Vegas), Las Vegas Mayor Carolyn Goodman (I), and local business owners joined Vice President Biden at Casa Don Juan.

The Vice President received some tough questions yesterday, including one on the economic impact this would have on small businesses. Here's how he responded.

And he's actually quite far from alone. According to a CareerBuilder national survey released late last month, 55% of hiring managers support raising the federal minimum wage to at least $10 an hour (while another 30% want it raised above $8 an hour). This falls in line with a July Lake Research poll showing 61% of small business owners support a $10.10 national minimum wage. And that came after a March Greenberg Quinlan Rosner poll showing 57% of small business owners support a $10.10 minimum wage.

So yes, even those in charge of hiring understand the need for a fairer and more livable minimum wage. And why not? They're on the economic front line. They realize how much we're losing by allowing so many people to fall between the cracks and into unnecessary poverty.

Yesterday, the usual "TEA" powered suspects were mocking Vice President Biden's message at Casa Don Juan. Have they tried living on minimum wage level earnings? Have they met the hard working Americans who are struggling to make ends meet on poverty level income? Have they even visited the states that have recently raised the minimum wage and are actually experiencing improved job growth?

Our guess is no. After all, it's so much easier to take political pot shots than to examine the actual policy. It's so much easier to pontificate about "economic philosophy" than to produce actual policies to solve our growing inequality crisis.

Who knew there could be such a huge fight over so little?

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