If there was ever any doubt that Faux Noise is the GOP Reichsministry of Propaganda, this should settle it.
Back in July, when a scheduled increase in the minimum wage from $6.55 to $7.25 per hour was about to take place, Fox News ran a segment examining how “the hike will hurt,” joining a media chorus about the supposed detrimental effect the increase would have on business hiring.
Now, with its Republican-inspired “Where are the jobs?” campaign in full swing, Fox has gone “on the job hunt” with a “new” idea for increasing employment: cutting the minimum wage. Jumping off from an op-ed by Washington Post editorial board member Charles Lane, Fox yesterday ran a handful of segments on the same basic premise — cutting the minimum wage may be the answer to the jobs dilemma. Watch a compilation:
Fox’s anchors seemed very pleased to have stumbled onto this line of thought. Of course, none of the anchors mention that almost all of the economic research on the subject shows that the minimum wage has little to no effect [pdf] on employment. The most well-known researchers on the subject — David Card and Alan Krueger — examined a minimum wage increase in New Jersey, and found that “employment actually expanded in New Jersey relative to Pennsylvania, where the minimum wage was constant.”...
Inserted from <Think Progress>
The motivation here is clear. Every penny not paid to a worker is a penny a millionaire can keep.