My turn to be somewhat of a contrarian on the minimum wage.

I've been reading a lot about the proposed hike in the minimum wage over the last few weeks. Most articles omit a very important fact. The labor market and wages have been heavily manipulated by big government policies that flood the labor market on all levels through illegals, guest workers, and offshoring. Surprise, supply and demand works for wages.

Using the governments index, which understates inflation, factory wages have stagnated since the late 1970's. STEM wages have stagnated and dropped since the late 90's. Until recently the loss of buying power has been hidden by cheap electronic toys made by neo slaves and by the Fed through access to cheap credit and bubble creation.

From Phyllis Schlafly who suggests that raising the minimum wage will move people off dependence upon government handout:
Minimum Wage and Welfare: the Tradeoff
http://www.eagleforum.org/publications/c...e-tradeoff.html

Zitat

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But raising the minimum wage may actually be worth considering if it has the side benefit of cutting the gigantic total of our hidden welfare programs.
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All these programs and handouts are based on someone’s income level. If raising the minimum wage raises the individual above the government-prescribed poverty level, raising the minimum wage could be a benefit for taxpayers
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Welfare pays more than a minimum-wage job in 35 states, according to a Cato Institute study, and welfare in 13 states pays more than $15 an hour. Remember, welfare benefits are tax free, so their dollar value is even greater.
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In order to reduce our slide into massive dependence on government, Congress should restore effective work requirements, tighten eligibility requirements, aggressively go after fraud, and make large cuts in total spending on handouts. Raising the minimum wage might make it possible to legislate fair and sensible improvements

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$12 an hour is conservative rocket fuel, says Ron Unz
http://dailycaller.com/2014/01/10/12-an-...on-unz/?print=1

1 million jobs lost for minimum-wage hike 'a wash'
http://www.wnd.com/2014/02/1-million-job...e-a-wash/print/

Raise The Minimum Wage To $14 An Hour Using This One Weird Trick—An Immigration Moratorium!
http://www.vdare.com/articles/raise-the-...tion-moratorium

Unfortunately in order for the legal or effective minimum wage to be raised would require actions that are anathema to both parties - including encouraging self deportation of illegals, ending the concept of anchor babies which allows entire families to remain her, stop importing guest workers as required by so called free trade agreements, .........