 Congress is to blame for the low wages. But it is not due to the minimum wage, but rather by the high tax rates. Consider the fact that the employers have to pay matching funds to Medicare and Social Security for each and every employee. That total is near 10%. Eliminate the payroll taxes and most employees would be able to increase their wages. When setting a salary, a business takes into account how much they will have to pay in payroll taxes, without the need of having to pay this, either salaries would increase, or unemployment would decrease, as businesses would have more money to pay employees.
dmk Conservatism, I repeat is not an ideology. It does not breed fanatics....But if you want men who seek, reasonably and prudently, to reconcile the best in wisdom of our ancestors with the change which is essential to a vigorous civil social existence, then you will do well to turn to conservative principles
-Russell Kirk- |