Sign up for our daily newsletter

Business

Project 21: Minimum wage works against free market

Russ Jones   (OneNewsNow.com) Monday, July 08, 2013

A conservative commentator is denouncing a Democratic proposal to raise the minimum wage to just over $10 an hour.

Stacy Swimp, a member of the Project 21 black leadership network and president of the Frederick Douglass Society, says the minimum wage does not belong in a free-market society.

"Any time that government decides a wage, what you've just done is taken away the rights and ability for private businesses to compete with each other in a free-market society, which itself should drive wages," Swimp tells OneNewsNow.

June 25 marked the 75th anniversary of the Minimum Wage Act, which was signed into law by President Franklin Roosevelt in 1938.

Swimp

The bill established a minimum wage standard.

Swimp scoffs at the idea that "slave labor exists" without minimum wage laws and contends government needs to get out of the way.

"The last thing I'm concerned about are the kinds of abuses we saw back in the '40s and '50s," Swimp says, rattling off federal agencies such as the Equal Employment Opportunity Commission that exist to ensure fair treatment. 

Some Democrats claim raising the wage to $10.10 an hour would bring the wage in line with its historical purchasing power.

The Washington Times reports Sen. Tom Harkin of Iowa and Rep. George Miller of California are proposing the hike, which would be the first since 2009.


We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. (More on this policy)
comments powered by Disqus