Stevieslaw: House Repubicans Support Change in Minimum Wage
In a startling development, Mime Mine, spokesperson for Congressman Paul Ryan announced today that he will fight for legislation that supports a change in the Federal mandated minimum wage. This is a huge departure from the long-standing Republican concept which supports an increase in the earned income tax credit for low income Americans. That concept has been hobbled, in recent years, by the Republicans’ inability to come up with a way to pay for the program solely through a real or de facto tax on the poor and most vulnerable.
Ms. Mine noted, “Mr. Ryan’s reasoning is based on the part of the report by the Congressional Budget Office that suggests 500,000 people would lose their minimum wage jobs, if the minimum wage were raised to $10.10 from $7.25.” “Simple arithmetic suggests then, she continued, that by reducing the minimum wage to $1.75 an hour, we would create 1,000,000 jobs.” “That’s a win-win for Corporations and other lesser people, and he will push for it.”
When questioned by our own indomitable, Smokey Diamond, as to whether by the same arithmetic 16.5 million people would see lower pay and 1.8 million additional workers would be pushed below the poverty line, Mime would only say that “we will repeal Obamacare.”