Reduction in Minimum Wages

by Minority Fortune

Believe it or not, a cut in minimum wages is being greatly considered in Colorado. The reason stated is that the consumer price index is falling. Therefore, to match with deflation, their laws allow for the state to reduce their minimum wages. However, the amount in consideration is only four cents per hour. Yet, the principle alone is alarming.

It seems awfully backwards to us to pick one factor and ignore the rest. As a few comments on Business Insider noted, it shouldn’t be heeded much if universities fail to lower tuition or health care cost fail to decrease. While we’re at it, let’s lower taxes. We’re all for protective measures, but they should protect everyone and not just corporations. Once again, it just sounds to us like the people at the bottom are getting screwed.

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