Congressional Min Wage Failure to be Passed on to next President

According to the news stories that are out today, the min wage hike
that happens tomorrow (the 2nd of 3 such hikes) is going to have a
dangerous impact on the economy.  When they first passed the bill and
raised it the first time, many of us warned about the impact when
businesses (with fixed human resources budget) would have to lay off
workers or raise prices to keep businesses in the black.  Others
protested that would be the outcome.  However, look around.
Unemployment is going up, and prices are rising, as well.

So, the press isn't even hiding this impact, this time.  This
Associated Press article...
http://www.foxnews.com/story/0,2933,390022,00.html

....has quotes from business owners that say they will be raising their
prices to adjust for the increased required minimum wage (saying there
is no room to do otherwise to make a profit).  They admit that this
increase will also result in increased food costs, since agriculture
workers will have to be paid more.  Basically, every industry that
includes minimum wage workers will be faced with increased costs in an
economy already hit hard by fuel costs and Democrat refusals to
drill.  So, there will have to be increased income to the industry or
layoffs.  It's basic economics.  While downplaying the risk in this AP
article (which traditionally sides with Democrats), they admit the
risk of a wage-price spiral sending inflation soaring (they even
provide evidence of it happening, now, in their article...both the
demand for higher wage and the increased costs).

The impact of this wage increase won't be felt until later this year
(about election time...Democrat planned); however, the third wage
increase happens next year in the term of the next President (watch
for Democrat talk about suspending that increase, after winning the
election).  So, the next President will have to pay more for Social
Security and Medicare and Medicaid to make it work, will have to pay
more for education (hit with higher gas prices and increased min wage
to some employees), pay more for healthcare, etc.  However, if they
fix it by increasing taxes upon workers and companies (cor****ate
taxes), it is going to spell more lost jobs (taxes on companies), more
higher prices (from higher HR costs), and less money for the workers
to spend (due to increased sales and individual taxes).  Looks like
Democrats dug their own grave and ensured a Republican victory, after
a failed administration in fixing these problems.

Kenneth Clifton
christiansuperhero.com