04/07/2017

After Studying Basic Economics, Liberal Mayor Vetoes Minimum Wage Increase

Brittany Hunter, Foundation for Economic Education

There can be no denying that legislatively speaking, the Fight for Fifteen movement garnered huge wins during the last election cycle both on city and state levels.

No matter how much success or popularity an initiative manages to earn at the ballot box, there are economic laws that cannot be avoided, even when good intentions are accounted for—something some politicians are starting to figure out.

A Complete 180

Last week, Baltimore’s new Democratic Mayor, Catherine Pugh, surprised her constituents by changing her position on the issue of raising the city’s minimum wage to $15 an hour.

This came as a shock to those who had previously supported her during her mayoral run when she not only vocally promised to support the legislation, but also said in writing on a union questionnaire that, "I am aware of the current initiative to raise the minimum wage in the City Council to $15 per hour and when it reaches my desk I will sign it."

However, after she was elected into office and when the minimum legislation did reach the new Baltimore Mayor’s desk, instead of signing the legislation, Mayor Pugh used her power to veto it!

Pugh, who is only four months into her term as mayor, did what many mayors have not taken the time, nor had the courage to do: she actually researched the economic policies set to be implemented in the legislation, and the potential harm these policies could cause in Baltimore.

As a result of what she learned, Pugh decided she could no longer in good conscience support or sign the legislation when the economic repercussions were potentially dangerous enough to harm her entire city.

Read full article



You May Also Like:

Science March: Do Researchers Risk Becoming Just Another Leftwing Interest Group? [Watch] Ronald Bailey, Reason.com

President Trump Should Run, Not Walk, Away From The Paris Climate Treaty Joseph Bast, Heartland Insitute

REMINDER: Earth Day Founder Murdered/Composted His Girlfriend Weasel Zippers

You Are Richer Than John D. Rockefeller Donald J. Boudreaux

WashPost Reveals The Left's Goal: The 'Mission Was To Bring Down Bill O'Reilly' Tim Graham, mrcNewsBusters

Why Are Republicans Making Tax Reform So Hard? [Watch] Steve Forbes, Larry Kudlow, Arthur B. Laffer And Stephen Moore, The New York Times

Will Tax Reform Fail, Too? Judson Philips, The Washington Times

Why Can’t The Clintons Just Go Away? Maureen Callahan, New York Post

Now There’s “Physically Average Privilege" Katherine Timpf, National Review

The Two Bills: Clinton And O'Reilly Francis Menton, Manhattan Contrarian

I Was Fake News Before Fake News Was Cool [Watch] Ted Noel, M.D., American Thinker

Rachel Dolezal’s South African Road Show [Watch] Bob Parks, Black&Right

How Landlord De Blasio Games The Tax Code Nicole Gelinas, New York Post

For More go to the Home Page >>>

Search

Bookshelf

SHARE

Some titles recent, all recommended -

Special Video Feature



Voices From The 2017 International Students For Liberty Conference

In Search Of History

SHARE

Keynesian Economics and the Great Depression

Hillsdale College economics professor Gary Wolfram discusses Keynesian economics and the factors that pulled the national economy out of the Great Depression. The story of World War II shows that government spending may produce activity, but not the prosperity of a truly healthy economy.

 

-- Gary Wolfram, Hillsdale College,

Shadow Stats Snapshot


ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 4.5%
    Shadow Stats: 22.5%
  • Inflation:
    March Year-to-Year: 2.74% (CPI-U*)
    Shadow Stats: 10.5%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]