June 22, 2006
Dobbs Crosses to the Light on Minimum Wage
Lou Dobbs is an odd guy. He used to be a pro-corporate booster in the dotcom era but has been playing the populist game, good and bad, for a number of years on issues like trade and immigrant-bashing.
But in this article, Dobbs just flat out rejects the whole rightwing bullshit on minimum wage, making the straight liberal case for raising the wage:
Raising the minimum wage to $7.50 would positively affect the lives of more than 8 million workers, including an estimated 760,000 single mothers and 1.8 million parents with children under 18...Dobbs just stomps on the two big lies of the rightwing on the minimum wage-- that only teenage kids receive it and that it costs jobs. So kudos to Dobbs-- and one more sign that the rightwing propaganda machine on the issue is losing steam.
The myth that raising the minimum wage will lead to job cuts is just that: a myth. In fact, research suggests just the opposite. According to the Fiscal Policy Institute, since 1998, states with higher minimum wages experienced better job growth than states paying only the federal minimum wage. Among small retail businesses in those higher minimum-wage states, job growth was double the rest of the country.
Posted by Nathan at June 22, 2006 07:53 AM