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.

Text Only | Photo Reprints

NDN Video
US Mission to Rescue Hostages in Syria Failed Reggie Jackson's ALS Ice Bucket Challenge Are Mariah Carey and Nick Cannon Breaking Up? Motorcyclist Sticks Landing This 'Breaking Bad' Reunion is the Most Hilarious Thing You'll See All Day! President Obama talks about who James Foley was Nicki Minaj Unleashes Her 'Anaconda' On the World Watch Helicopter Perform Aerial Ballet Can Buckeyes fill Miller's void? Victoria's Secret Models Prove They're in Fighting Shape How Brian Hoyer Stacks Up With Johnny Manziel Taylor Swift Reveals New Album 1989 is Full-On Pop Crews rescue elderly woman trapped inside flooded minivan Man Poses for New Mugshot Photo Wearing Shirt with Old Mugshot Photo On It Disquieting times for Malaysia's 'fish listeners' Caught On Camera: Johnny Manziel Obscene Gesture Rita Ora Embraces the Ice Bucket Challenge Bird surprises soccer player Ashley Young during game Chapter Two: Never too late to become an artist Ice Bucket Challenge Goes Viral, Raises Over $15M For ALS
Special Features
NRA Waterfront Plans