TAKE THAT, SPEAKER BOEHNER!

John Boehner (R-OH), Speaker of the House of Representatives, has often been quoted as saying that raising the Federal Minimum Wage would result in less jobs. Oddly enough, however, he has never clarified this point, or even directed his attention to what he has always claimed was his true focus: Jobs! Jobs! Jobs! Congresswoman Marsha Blackburn (R-TN), seems to often be called-upon to provide the Female Touch in responses to questions for Speaker Boehner.

Today, she was asked why the GOP Speaker hasn’t addressed: renewing Extended Jobless Benefits (due to expire on Dec. 28); Immigration Reform; Gun Controls; etc., Her response was that the GOP in the House was much more focused on: Jobs; the Economy and reducing the Large Budget Deficit. So, as the House has already gone home for the Year, Speaker Boehner has not even brought one Jobs Bill to the Floor–or anything that would even remotely effect the Economy or the Budget. Strange…

About 20 years ago, New Jersey raised its Minimum Wage by $1.00 per hour; however, neighboring Pennsylvania did not–leaving it at the Federal Minimum. Two Economics Students, at Princeton University, chose to use this situation as an economics laboratory. After on-going checks, throughout the year, and on both sides of the boarder, they found that the Employment at the observed fast-food restaurants had not changed.

Their finding were in conflict with the then popularly-held beliefs. Although some economists had challenged their results, many began to agree with, and even confirmed them. That study is discussed in the linked article from the NY Times, http://www.nytimes.com/2013/12/22/magazine/supersize-my-wage.html?ref=economy&pagewanted=print.

The two former Princeton doctoral students are now: David Card, Ph.D., Professor of Economics at the University of California, at Berkeley, and Alan B. Krueger, Ph.D., previously Professor of Economics at Princeton University, and currently Chairman of President Barack Obama’s Council of Economic Advisors.

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