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Ron Unz, a big name in conservative California politics, realizes that it is in the best interest of everyone to raise the minimum wage. It isn't just a matter of compassion--it creates what economists call a virtuous cycle, where higher wages at the bottom are returned to the economy in the form of increased demand, which in turn helps businesses grow and investors prosper. The "vicious cycle" so often argued on the right is a myth--no economist thinks that raising the minimum wage would simply perpetuate poverty. And no economist thinks that it would hurt the economy. It's one of the classic win-win propositions.
The hostility to raising the minimum wage is ideological, not economic in nature. It is based on a view that the poor are simply unmotivated, or lacking in some essential virtue. In fact, it's much the same ideology that sees the poor as unworthy of food stamps.
In Response to Re: Prudence or Cruelty?:
For those of you who can not support a living minimum wage on humanistic grounds, maybe you can at least realize that it is in your own best interest. Ron Unz, a millionaire conservative came to that conclusion:
"Ron Unz, a Silicon Valley millionaire, rose to fame by promoting a ballot initiative that essentially eliminated bilingual education in California. He went on to become publisher of The American Conservative, a libertarian-leaning magazine.
But after decades in the conservative movement, Mr. Unz is pursuing a goal that has stymied liberals: raising the minimum wage. He plans to pour his own money into a ballot measure to increase the minimum wage in California to $10 an hour in 2015 and $12 in 2016, which would make it by far the highest in the nation. Currently, it is $8 — 75 cents higher than the federal minimum.
Using what he sees as conservative principles to advocate a policy long championed by the left, Mr. Unz argues that significantly raising the minimum wage would help curb government spending on social services, strengthen the economy and make more jobs attractive to American-born workers.
“There are so many very low-wage workers, and we pay for huge social welfare programs for them,” he said in an interview. “This would save something on the order of tens of billions of dollars. Doesn’t it make more sense for employers to pay their workers than the government?”
Posted by saworld