Income inequality has remained a prominent issue throughout campaign seasons over the past decade and it is going to come up again this season as well. While there is a lot of controversy as to whether or not income inequality exists, I would argue this is unproductive. One does not need to see charts and graphs to understand that there are rich people and poor people.
Save Jerseyans should consider including “income inequality” as part of their mantra, whether you are conservative, libertarian or moderate. In this two part essay, I hope to explain the needs, causes and solutions Save Jerseyans can believe in when discussing an issue such as this…
“But we know that people’s frustrations run deeper than these most recent political battles. Their frustration is rooted in their own daily battles — to make ends meet, to pay for college, buy a home, save for retirement. It’s rooted in the nagging sense that no matter how hard they work, the deck is stacked against them. And it’s rooted in the fear that their kids won’t be better off than they were. They may not follow the constant back-and-forth in Washington or all the policy details, but they experience in a very personal way the relentless, decades-long trend that I want to spend some time talking about today. And that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle-class America’s basic bargain — that if you work hard, you have a chance to get ahead.
I believe this is the defining challenge of our time: Making sure our economy works for every working American. It’s why I ran for President.”
As if you needed another reason to vote against Question #2 on your November 5th ballot, Save Jerseyans, here’s a March 2013 clip which’ll scare the hell out of you.
Take it away, Senator Elizabeth Warren (D-MA):
I want some of what she’s having, folks. It must be nice to go through life unrestrained by reality! Unfortunately for the rest of us, we have to live in the real job market quite unlike the former ivory tower occupant from the Bay State.
Let’s not mince words: the problem underlying this debate is one which is endemic throughout our politics - emotion overwhelms logic.
I’ve said it before and I’ll keep on saying it well after November 5th… the minimum wage is NOT a family wage. Never has been and it never will be. Anyone who says it is a family wage is either (1) unnervingly ignorant themselves or (2) consciously trying to manipulate you. Either way, prove yourself to be a member of the smart caucus and disregard the lie. Then go a step further and help us clear the air in the minds of your fellow voters.
Good news, Mr. Part-Time Mayor! You can go back to embracing capitalism again.
Why? Because after running ads attacking Mitt Romney’s Bain Capital tenure in 2012, President Obama just tapped a Bain executive as his new top economic adviser! (h/t Daily Caller). Mitt ran on the notion that his experience turning around giant, failing corporations made him well-suited to rescue the federal government. President Obama finally concedes the point.
Changing your principles on a daily basis must be exhausting…
The conservative blogosphere is abuzz this week with a story out of Washington, D.C., where local politicos and activists are attempting to drive out Walmart by inflating the minimum wage. There’s nothing harder to watch than a gaggle of self-righteous morons who are convinced they’re being clever but, in the process, are actually injuring themselves and everyone who relies upon them.
You’ve read plenty on Save Jerseyabout the minimum wage in recent months. Pandering Democrats, scared Republicans, and a whole lot of people with zero business experience under the Trenton State House’s dome think it’s a great idea. You and I live in the real world; consequently, we know better than that!
But if you’re still not convinced that tying our state’s minimum wage to the consumer price index is a bad idea on an epic scale, then perhaps you’ll listen to the experts fighting in the trenches? A study was recently conducted by the National Federation of Independent Business (NFIB) into the potential effects of a prospective New Jersey minimum wage hike. Here’s what they found:
Zero (0) percent inflation – 13,679 jobs lost by 2023; Economic output lower by $1.5 billion
Two (2) percent inflation – 22,695 jobs lost by 2023; Economic output lower by $2.8 billion
Four (4) percent inflation – 31,797 jobs lost by 2023; Economic output lower by $4.2 billion
Terrifying! Absolutely, positively horrible. And there wouldn’t be a single state resident capable of escaping the negative consequences without leaving the state altogether. “An annual increase based on the consumer price index is a bad idea for everyone. It makes it difficult for businesses to plan year to year and it could lead to raises in years when the economy is suffering,” said Thomas Bracken, President and CEO of the New Jersey Chamber of Commerce. “Furthermore, making it a ballot question in the form of a constitutional amendment sets a bad precedent for resolving contentious issues that should be decided by our representatives in Trenton.”
This minimum wage increase will nevertheless appear on the November 5th ballot; if the proposed constitutional amendment passes, then it will take more than the act of a future legislature and governor to overcome it. God help us! I don’t want to move to Pennsylvania, but New Jerseyans who actually want to prosper are quickly running out of options.
The Institute found that “[t]he increase from $7.25 to $8.25 an hour will be on the November ballot” is actually “supported by 76 percent of voters. [emphasis added.] Only 20 percent express opposition.” A February 2013 Monmouth Polling Institute survey found 53% of Republicans supporting a hike.
Let’s be honest with ourselves: that result is indicative of a large-scale GOP leadership failure, Save Jerseyans…
I was happy to join my Essex County pal Sue Ann Penna and conservative North Jersey blogger Katie OMalley for an Internet radio chat this past Tuesday evening, Save Jerseyans.
The main topic: what will the next four years mean for the American (and the Garden State’s) once-strong Middle Class? Specifically with a “fiscal cliff” looming just over two weeks from now? And moreover, moving forward, what does the GOP need to do to reach disaffected members of the Middle Class including new immigrants and urban populations?
Give it a listen. We didn’t waste time with a cliche exchange of sound bites and platitudinal statements; Sue Ann does a bang-up job of conducting substantive roundtables that actually advance the larger debate.
Click here to download the 12/11 podcast and other recent “Common Sense Radio” shows.
Politicians are slow learners.S-3/A-2162 (in case you’ve forgotten or are tuning in for the first time) would raise New Jersey’s minimum wage to $8.50 per hour all in one shot while simultaneously coupling future minimum wage hikes to the Consumer Price Index (CPI). Automatic increases! [Clarification: S-3 is statutory; SRC117 is "via constitutional amendment."] A small business owner’s worst nightmare come to life…
Americans for Prosperity state director Steve Lonegan concurs; he participated in the public comment portion of yesterday’s Senate Budget & Appropriations Committee session:
Interestingly, Republican state Senator Joe Pennacchio is pushing a counter-proposal which would increase the minimum wage to $8.50 but over three years and without the automatic CPI increases enshrined in our state constitution.
That worries me, Save Jerseyans.
Pennacchio is an arch-conservative. Is his proposal a concession that an increase is imminent? Translated: the Governor might sign onto such an increase? And/or the GOP legislative caucus doesn’t intend to attack the substance of a minimum wage hike? Only the procedureal mechanism(s)? I don’t have the answers, but I’m not liking what I’m hearing…
Mark my words: a Trenton Republican failure to fight any increase whatsoever will doom the state party in next year’s legislative elections. There’s frankly no room for “compromise” when compromise means destroying what’s left of our state’s fragile job market.