A recent Quinnipiac poll of New Jerseyans revealed that 76% of voters support raising the minimum wage. Not surprisingly, 94% of registered Democrats favor the use of coercion —the law– to raise the wages of unskilled workers, while a whopping 55% of Republicans also support the state driving wages higher than allowing markets, supply and demand, to determine the appropriate wage for workers who demonstrably have few value added abilities.
In addition, 56% of voters favored a constitutional amendment to raise the minimum wage while 38% feel that the minimum wage should be raised by law.
Economic ignorance is rampant in the White House, in the Congress, in the Supreme Court, throughout state legislators, among mayors, within the economics profession and the media. Now we have further proof that the public, the last hope in a “democracy” to support common sense ideas, is shamelessly ignorant of the basic principles of economics.
Minimum wage laws cause higher unemployment among the least skilled workers in society than otherwise would be the case, most of whom are young inner city minority youth. So the question we should ask, why is racism so prevalent in our society, especially among Democrats?