Market wages best
Ronald P. Goebel has it backward in his letter “Pay up or shut down” when he says, “Anyone who cannot pay at least $10 an hour to an employee should not be in business.” The reality is that anyone who has no experience and skills worth at least $10 an hour in productivity will never have a chance at a job.
Why stop at $10 an hour? Why not $20 or $50 or $100 an hour? Whatever the minimum wage is raised to will simply raise prices; it is called inflation.
Raising the minimum wage shuts out those who need jobs the most, with no chance of them ever catching that first break. The free-market economy works best with the least amount of government interference.
In North Dakota, McDonald's is paying a $300 signing bonus and $15 per hour thanks to the oil drilling boom. Imagine duplicating that all across the country if we let the free market flourish without more government regulations and mandates. Another example: The United States now has the highest corporate taxes in the world. This is a huge burden on the economy and hurts all of us since we, the consumers, pay 100 percent of the corporate taxes as they are passed through in the prices of products and services.
Government control of private industry is called fascism and government ownership of private industry (GM and Chrysler) is called communism. Period.
The writer and his wife own CIH Services Inc., an environmental health and safety consulting business in Harmar.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Appalling advice
- LCB: Asset to modernize
- Cops usually not problem
- Dem official wrong
- A buck to pass?
- Cameras not the answer
- Latest lie?
- Report reactions III