Tuesday, December 20, 2005
James Taranto refers to an exchange between faux-talk show host Steve Colbert and Congressman Owens of New York, who is pushing for an increase in the minimum wage, in which Colbert (jokingly, I assume) suggested having workers work longer hours so they could get more money.
Which isn't a bad idea, at least if you take the liberals argument seriously, that minimum wage isn't enough for someone to be raising a family. The key is not to focus on the hourly rate someone is making, but rather on the total dollars they are pulling in from their full-time work.
Somebody making the federal minimum wage of $5.15 per hour and working a 40 hour week will pull in $10,712 a year. So, if that's not enough, let the employer demand the employee work 50 hours a week* - which at the same level of pay - would provide the worker with $13,390 a year, 25% more than they're now making.
Remember, it's not the multiplier in the paycheck that matters... it's the product that counts!
* this requires getting rid of the silly rules mandating that overtime pay be paid to just about everyone who works more than 40 hours in a pay period.