Thune: US Should Leave Minimum Wage to States

Wednesday, 19 Feb 2014 10:14 AM

By Wanda Carruthers

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The federal government should leave the rate of minimum wage to the states because economic needs vary widely across the country, Republican Sen. John Thune told MSNBC's "Morning Joe" on Wednesday.

"I think the states are probably in a better position to determine, in terms of what their economic needs are, to make some of those decisions," Thune said.

In his home state of South Dakota, where the unemployment rate was 3.2 percent, Thune said a proposal would be on the ballot to raise the rate to $8.50. Morning Joe host Joe Scarborough argued that he didn't expect to see "a lot of job losses" if the measure passed, since South Dakota was "in a pretty good place to absorb" the effects of a wage hike

Democrats are emphasizing raising the minimum wage, after President Barack Obama announced he would increase the rate for some federal contract employees through executive action.
 
Thune said his state benefits from healthy financial and healthcare services industries, as well as from the ripple effects of the energy boom in neighboring North Dakota.

In other states, Thune said a policy to raise the minimum wage ran counter to "Economics 101."

"If you want more of something, you don't normally raise the price. If you want more jobs, want more employment, you don't raise the price of it," he said.

Thune said, "Everybody wants to see people come up the economic ladder." But he stressed that the best way to improve the economy was through job creation. He called current policy proposals "small ball ideas that do very little to help anybody's situation in life, and cost us jobs."

"Why would we be putting policies in place that have the potential to reduce the number of jobs, when the best way for people to climb out of the economic situation they're in is through a good job?" he asked.

Related Stories:


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Faithful Prepare to Celebrate Canonization of 2 Beloved Popes

Saturday, 19 Apr 2014 20:35 PM

Rome is "ready, very ready" for the canonization of former Popes John Paul II and John XXIII, the Eternal City's mayor,  . . .

Kristol, Dershowitz Slam Effort to Rig Electoral College

Saturday, 19 Apr 2014 19:37 PM

Conservatives slammed the campaign to effectively end the Electoral College's role in presidential elections, saying tha . . .

Hollywood Finding Hits With Films for the Faithful

Sunday, 20 Apr 2014 19:46 PM

With "Heaven Is for Real" bringing in $21.5 million over the Easter weekend, Hollywood has its fourth faith-based box of . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved