Politics Magazine

The Two Biggest Lies Republicans Tell About Jobs

Posted on the 16 May 2016 by Jobsanger
Biggest Lies Republicans Tell About Jobs (The cartoon image above is by Matt Bors at mattbors.com.)
The congressional Republicans continue to cling to their failed economic policy -- the "trickle-down" policy that says if the rich are given more then everyone will benefit. That policy has tilted the economic playing field to favor the rich -- resulting in stagnant worker wages, growing income for management and wonders, a widening gap between the rich and everyone else, a shrinking middle class, and a recession that still lingers for everyone but the rich.
In order to cling to that failed economic policies, they tell two huge lies to the American public. They must tell these lies, or admit that their policy is a failure (something they refuse to do).
The first lie is that tax cuts for the rich (and corporations) creates new jobs. They would have people believe that cutting taxes for the rich and corporations results in them going out and hiring new people. The problem is that doesn't happen. The rich are making more money than ever before, and corporations (also making record profits) are sitting on trillions of dollars. If "trickle-down" works, why are millions of new jobs not being created?
The second lie is that raising the minimum wage will cause huge lay-offs of workers. The problem with this is that multiple studies have shown that raising the minimum wage does not result in job losses. In fact, the states that raised their minimum wage last year have shown better job growth than the states that didn't. Why?
The answer lies in a simple business rule -- hire only the number of workers that allows you to deliver the goods you produce or services you provide effectively. A business that hires too many workers will just cut into their profit without getting any real benefit from it. A business that hires too few workers will hurt their own customer service and drive those unhappy customers to a competitor. To maximize profits (which is the goal of all businesses), a business must hire the right amount of workers (i.e., only the amount needed). And a business will do this regardless of how high (or low) the taxes are, or what the minimum wage level is.
What does produce new jobs? Only one thing -- an increase in demand for the goods/services a business sells. Cutting taxes for the rich or corporations does not increase demand, and neither does keeping the minimum wage at a poverty level. These things may sound reasonable to the uneducated, but they are just lies -- lies that Republicans tell to protect their favoritism for the rich and powerful.

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Concert Review: Extreme Orchestral Sports

    Concert Review: Extreme Orchestral Sports

    The New York Philharmonic plays Berio and Strauss. by Paul J. Pelkonen Oh what a mountain! The New York Philharmonic played Ein Alpensinfonie this week. Read more

    14 hours, 58 minutes ago by   Superconductor
    CULTURE, THEATRE & OPERA
  • Peonies by Mary Oliver

    Peonies Mary Oliver

    This morning the green fists of the peonies are getting ready to break my heart as the sun rises, as the sun strokes them with his old, buttery fingers and... Read more

    15 hours, 27 minutes ago by   Vickilane
    CREATIVITY, PHOTOGRAPHY
  • Memorial Day: Remember Them

    Memorial Day: Remember Them

    "The endless rows of white stones and mausoleums command the heights of former battlefields and sprawl across the rolling course of green, under the cobalt spac... Read more

    17 hours, 27 minutes ago by   Ingrafted
    POLITICS, SOCIETY
  • Cinnamon Cake

    Cinnamon Cake

    Mmmm . . . is there any smell on earth better than the smell of cinnamon anything baking in the oven??? I think not!!! It has to be the most comforting, homey,... Read more

    18 hours, 27 minutes ago by   Mariealicerayner
    FOOD & DRINK, RECIPES
  • "The Law is What Powerful Men Say It Shall Be...."

    "The What Powerful Shall Be...."

    The War of the Roses was a British civil war that lasted approximately from 1455 A.D. to 1485 A.D. between the houses of Lancaster and York ending with the deat... Read more

    20 hours, 10 minutes ago by   Jamesswezey
    ENTERTAINMENT, MOVIES
  • Full-Time Firefighter/Paramedic – City of Riverside (OH)

    Full-Time Firefighter/Paramedic City Riverside (OH)

    City of Riverside (OH) Full-Time Firefighter/Paramedic Salary: $49,561.20 – $64,977.12 annually ****To reserve your spot, please sign up!**** City of Riverside... Read more

    The 26 May 2018 by   Firecareers
    SOCIETY
  • Thoughts of the Week

    1. Meghan Markle's wedding make-up has been released. I don't buy it. They claim to have used foundation, an eyeshadow palette, contour palette, eyeliner,... Read more

    The 26 May 2018 by   Glossqueen
    HAIR & BEAUTY, SELF EXPRESSION

Magazines