Virginia was right to reject an increase in the minimum wage. In fact, such laws should be abolished.

Virginia has rejected calls to raise the minimum wage.

Though well intentioned, such laws reject reality. Minimum wage laws should be abolished altogether.

Minimum wage laws should be abolished as they prevent a willing employer and a potential employee from legally entering into a contract for employment at a wage they both agree on. Even a very low skilled employee can be given a chance to acquire new skills and move up the economic ladder when an employee is willing to hire them for an entry level position at a wage they both agree on.

Assuming that such laws are not repealed however, raising the minimum wage will only keep more of the least skilled out all employment.

When Wal-Mart opened three new stores in the District of Columbia recently, it had twenty-three thousand people apply for 800 jobs. Wal-Mart was presumably not paying anywhere near the $10.10  per hour being proposed as necessary to “address income equality.” According to Wal-Mart Senior Vice President Henry Jordan, Wal-Mart did as any rational employer would do and hired only the “best of the best” for the 800 positions. Why would the least skilled of the twenty-three thousand have any chance at all?

Raising the minimum wage would attract an even larger pool of applicants with skill and experience, thus giving those with the least skill even less of a chance of any employment whatsoever.

One more thing: between Wal-Mart and Uncle Joe running the small hardware store down the street, which business is more likely to be able to survive increases in the minimum wage? Minimum wage laws not only kill job opportunity for the least skilled all around, they kill businesses.

Ben, How many of your children earn minimum wage? I have a feeling it is none. You are a very lucky man if that is the case. May people on minimum wage also need food stamps, and housing assistance, and Medicaid and other government benefits. I know I work with people daily who suffer this disadvantage. We pay in one way or other for low wagesas a nation. Why shouldn't a Walmart billionaire, worth over 44 billion, have to give up some profits versus the middle class having to supplement wages with government benefits? So he earns only 43 billion versus 44---poor little rich guy. So sad to be rich and actually responsible. Have we forgotten how Henry Fors offered his workers a living wage and basically created a middle class whn others followed? Come on, let's get a reality check here. The Walmart family can afford it. They all are worth over 30 billion each. The same with the McDonalds and so many other major corporations.
by Ross July 6, 2014 at 03:55 PM
And in case you were wondering, here are my views on free interns
by Ben February 14, 2014 at 04:23 PM
Thanks for the comment. You might want to actually read what I wrote. I didn't argue that employers would stop hiring if the minimum wage is raised. I argued that they would hire more highly trained and capable employees if minimum wage is raised. You don't address that argument at all. If an employer must pay, say $15.00/hr then why hire someone who is worth $8? They will hire someone who is worth $15. Actually, in this economy they will be inundated with resumes from people who are worth $30. (I've done it. I run a real business.) So my argument is that the person who is least trained, least capable, has his chances of getting and keeping that job vastly reduced. By they way, when you hire a lawyer you can make a decision based on emotion or facts. That's what American is all about: your freedom to choose. Thanks for reading and commenting!
by Ben February 14, 2014 at 09:03 AM
What an incredibly shortsighted and thoughtless column. Employers are not prevented from offering jobs because they are required to pay a living wage, countless studies have shown this. They simply want more profits on the back of the working man. $10/hr = $22,000/yr. can you live on that Ben Glass? I would never hire a lawyer so insensitive and will advise all my friends to stay away from you.
by B. Winkle February 14, 2014 at 08:41 AM
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