CarriageTowneNews.com, Kingston, NH

Z_CNHI News Service

February 21, 2014

Benefits of hiking minimum wage are an illusion

Editor's note: CNHI newspapers that are not weekly subscribers to Taylor Armerding's column may publish this one if they notify him at t.armerding@verizon.net.

I don’t know anyone averse to making more money.

Sure, I have friends who demonstrate, through words and actions, that money is not the most important thing in their lives. But I haven’t seen one of them turn down a raise.

I wouldn’t, either. (That's just a gentle hint to any employer who wants to heed President Obama’s call to inject more money into the economy by giving some of it to me. I promise to spend it, not save it, because saving is what hurts everybody but the rich.)

Still, I have a hard time believing that if government once again invades the marketplace and declares that nobody can be paid less than $10, $12, $15 per hour – whatever – the economy will rebound, inequality will decline, employment will increase, and happy days, or at least happier ones, will be here again.

If only.

Yes, I’ve heard the pundits who say that putting more money into the pockets of the poor will juice the economy, since they’ll spend it right away, raising demand for products. Factories will ramp up inventories, more people will be hired, and the Great Recession will be a distant memory.

I’ve heard them declare with unshakeable confidence that it will increase the incentives for the unemployed to work because all of a sudden they will be able to make more by getting a job than by collecting government benefits.

I’ve been told that raising the entry cost of labor by 20 to 40 percent will have no impact – none – on hiring decisions or the number of hours that employees work.

In short, it will be like magic, having only positive effects and no unintended consequences.

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Obituaries
  • Alan J. Walker, 68

    Kingston, N.H. — Mr. Alan James Walker, 68, passed away peacefully at his home on July 8, 2014, after a long, brave battle with cancer.

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  • James Reese

    Raymond, NH — James Edwin Reese, 74, passed away on Wednesday, July 16, 2014, surrounded by his family and friends at his home in Raymond, N.H. He was the son of John and Ruth Reese, born on Oct. 29, 1939 in Edensburg, Pa. James graduated from Central Cambria High School in Pennsylvania before proudly serving in the U.S. Army as a food inspector. His military service was followed by 31 years with the U.S. Department of Agriculture as a meat inspector. Mr. Reese was an avid outdoorsman and spent much of his time fishing, camping and hiking in the White Mountains. He became involved in the Boy Scouts and enjoyed passing on his vast knowledge of the wilderness to others. Throughout his retirement years he enjoyed woodworking, raising rabbits and working in his garden.

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  • Velma J. Reid

    South Hampton, NH — Velma J. Reid, 80, died peacefully on July 17, 2014 at Exeter Hospital, surrounded by family. She was born in Haverhill, Mass. on June 8, 1934, the daughter of the late George C.W. and Alta I. (Kimball) Haynes. A graduate of Haverhill High School, Velma worked at Western Electric until she had children. For years, she was a devoted “stay-at-home” mom who raised her three children in a loving, nurturing environment. She later worked various manufacturing jobs until her retirement. After retiring, she volunteered her time at various organizations and was very involved at the East Kingston Community United Methodist Church as a member of the women’s guild, assisting with the holiday fair, and helping out wherever she could. She had a passion for animals, and would donate money, food, and blankets to the NH SPCA. She loved to sew and made a personalized quilt for every member of her family. She was also a member of the “Ugly Quilts” group, which made blankets and sleeping bags for the homeless using recycled fabric. She is survived by her husband, Clyde Reid of South Hampton, N.H.; daughter, Pam Eaton of Danville, N.H.; son and daughter-in-law, Douglas and Kim Reid of Raymond, N.H.; daughter, Shirley Reid of South Hampton, N.H.; two sisters, Gwen Stuart of Haverhill, and Norma Taplin of Dracut; four grandchildren, Cheryl and Marc Welch, and Kristen and Joshua Reid, and several nieces and nephews.

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  • Carleen A. Knowlton, 80

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  • Miriam O. (Graham) Graham, 84

    Kingston, NH — Miriam O. (Graham) Graham, 84, a resident of Kingston since 2001, and former longtime resident of Grafton, Mass., died peacefully, surrounded by her family, on July 11, 2014, following a long illness.

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