Job Killer
Commentary
Republicans Can't Name A Single "Job Killer" Regulation
Cry Wolf Quotes
Come next year... we're going to find out whether we have higher deficits, we're going to find out whether we have a slower economy, we're going to find out what's going to happen to interest rates, and it's our bet that this is a job killer.
When we pass minimum wage legislation it says one thing, Mr. Speaker: It says to the young black in the inner city, it says to the handicapped individual, it says to the young person looking for a first time job, unless you can meet a minimum standard, we will pass a law that says it is a violation of the Federal statute to hire such a person. Mr. Speaker, we can calculate to a certainty the number of people that we will unemploy by raising the minimum wage to various levels. At $4.50, at $5, at $6, hundreds of thousands of people are denied access to the job market. Minimum wage laws create unemployment. That is a mean, vicious thing to do.
This is either a late April Fool's Day joke or Massachusetts should be on suicide watch….Here we are, one of only two states to lose population; sixth-highest tax burden; national reputation for high cost of doing business….Yes, along with our winter weather and everything else that discourages job creation here, we would have the 'most generous' mandatory paid leave in the country. Eventually, of course, the new employee tax would increase and be joined by a new tax on employers.
Unemployment always lags behind the business cycle and is highest when recovery has begun. In such periods, when pessimism is pervasive, costly proposals are often advanced, such as public programs to create jobs, mortgage subsidies, and health insurance for the unemployed. These proposals always prove to be unnecessary since they never get fully started until recovery is going strong. Furthermore, such programs would increase the federal deficit at a time when it needs to be reduced. This would mean applying the wrong solutions, which would increase the deficit, abort the recovery, reinflate the economy and continue unacceptable high levels of employment.
