NewburyportNews.com, Newburyport, MA

Opinion

January 28, 2014

Income equality is an impossible dream

(Continued)

In the past 20 years we have lost 13,245,000 manufacturing jobs; in construction, 2,100,000 jobs; in manufacturing, 5,563,000 jobs; in durable goods manufacturing, 3,730,000 jobs; and in non-durable goods, 1,832,000 jobs.

These were good-paying jobs that allowed our citizens to live the American Dream, that allowed our middle class to grow and move up the ladder of success. These jobs provided good wages, paid vacations, holiday pay, sick day pay, health insurance and retirement benefits. They are gone from our landscape and will never return.

President Obama and leaders in Washington have a dream, that jobs will come back. It’s only that, it’s a dream, a make-believe Walt Disneyland dream.

This income inequality has led our leaders to start actions on the minimum wage, which they present as a solution to poverty.

Every increase in wages coupled with the cost of doing business is bottom-line profit; it’s a loss of jobs.

The recent push for increased minimum wages will do the same to hundreds of small businesses across our nation. A small business person who will have to pay labor a higher wage will simply be forced to raise the price of his product and/or lay off workers and/or stop hiring.

The recent protests for a $15 on hour supposedly living wage is pure stupidity. Fast-food chains the target of this protest would simply have to double their prices or close. Walmart would have to raise their prices and the many low-, middle-class and poor would lose the stores they depend on to buy affordable needs.

Democrats talk about “Voodoo Economics”; well, that’s what they are proposing as their solution.

What happens to the 29ers and 49ers because of Obamacare? Companies are cutting hours to avoid Obamacare directives; thus the 29ers. Just as companies employing 50 or more workers, they are cutting back to 49 or the 49ers.

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