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 :

  • Big Food Giants Manipulate Public Health Policy in China

    Food Giants Manipulate Public Health Policy China

    Coca-Cola is at it again. As soda sales decline in the United States and Europe, beverage companies look to emerging economies like China for growth. And, it... Read more

    The 15 January 2019 by   Dietdoctor
  • Jewellery for a Precious You

    Jewellery Precious

    Jewellery is always close to a woman’s heart. It completes her look and boost confidence. Considering the changing trends in jewellery fashion, it becomes... Read more

    The 15 January 2019 by   Dr.jenifer Sayyed
  • Rajshri Productions’ Next Is A Film On Friendship | Hum Chaar | Trailer

    Abhishek Dixit’s debut feature film Hum Chaar is a Bollywood film made under the banner of Rajshri’s film. Hum Chaar is written and directed by Abhishek Dixit. Read more

    The 15 January 2019 by   Themoviean
  • Saint Paul the First Hermit

    Saint Paul First Hermit

    Today is the feast day of Saint Paul the hermit. This is a sweet and delicate Oatmeal Bread topped with rolled oats and naturally sweetened with agave. Saint... Read more

    The 15 January 2019 by   Veronica46
  • Irupathiyonnaam Noottaandu | Teaser | Pranav Mohanlal | Arun Gopy

    Arun Gopy’s Irupathiyonnaam Noottaandu is an upcoming Malayalam action-drama feature film starring Pranav Mohanlal and Zaya David in the lead roles. Read more

    The 15 January 2019 by   Themoviean
  • A Year Of Body Positivity

    Year Body Positivity

    Last January, as I sat there on New Years eve all set to make the same old resolutions I've made year after year for as long as I can remember, I realised how... Read more

    The 15 January 2019 by   Sparklesandstretchmarks
  • Garden Bloggers Bloom Day – Jan 2019

    Garden Bloggers Bloom 2019

    Euphorbia rigidaWhen I went out to take the photos for this blog post I was surprised at how much was in flower dotted around the garden. Read more

    The 15 January 2019 by   Patientgardener