The minimum wage hike plans of President Obama and several Democrats have been shunted by Republican Party members. Their objection is that where the money is going to come from has to be decided before any such action is taken.
A vote was conducted regarding whether the minimum wages should be increased from $7.25 to $10.10 per hourly basis. The senate was locked on this moot point.
Don't Miss: Hottest CES 2017 Announcements
The fact is that it may be a ploy by the Democrats to earn votes through opening the economic doors to everyone. The votes were 54 to 42 and so things came to a halt. Both parties appear to have reached an impasse.
The senator Reid was in favor of the legislation and he voiced his opinion quite vociferously. The Democratic Party has made a solemn affirmation that it will be bring the bill back into circulation again before the end of 2014.
However, not all things are solved through mere empty promises and fake hollow words. At least 60 votes need to fill the box if the Republicans are to be defeated on this one. And that is going to be a difficult proposition.
“By preventing even a vote on this bill they prevented a raise for 28 million hardworking Americans. They said no to helping millions work their way out of poverty,” President Obama said during a news conference this afternoon. “They told Americans like the ones who are here today that: you’re on your own.”
The bill to raise the minimum wages has been a long term strategy of the Democrats. They want everyone to be included in the financial betterment of society.
But the fact of the matter is that they have been employing empty slogans so far. What they have not considered is that the money to pay the extra wages is going to come from somewhere.
The economy is like a delicately balanced house of cards. When you touch it slightly everything may come falling down. By increasing the salary of a McDonalds’ staff member, the price of a Big Mac would shoot sky high as well.
So it is not all just a beneficial deal we are talking about in the end. The bill has obvious and unseen consequences that will have to be faced by future generations. That is why the more thoughtful and conservative Republicans are dead set against this bill.