Mike Reid: Raise minimum wage

September 16, 2013 

Raise minimum wage

Trickle-down economics is a fairy tale that Republicans tell themselves so that they will not feel so bad about robbing the poor (unemployment reform) and giving to the rich (tax reform). Maybe someone should remind the Republicans that mostly, the rich get rich by not spending their money. Not much trickle there.

A good way to stimulate the economy would be to raise the minimum wage. This would actually put more money in the hands of people who actually spend money. More money being spent drives the demand for goods and services. An artificially low minimum wage depresses the economy and puts downward pressure on all other wages.

So a stagnant government creates stagnant wages which creates a stagnant economy. Am I the only one who finds it ironic that the Republicans have at every turn done their best to increase the stagnation here in North Carolina?

Mike Reid

Wake Forest

News & Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service