The economy has certainly not grown as President Obama and his financial guru, Larry Summers, estimated.
Raising taxes, increases in regulations, uncertainty and costs associated with Obamacare have not helped at all. Raising the minimum wage at this time is one of measures that would certainly make things even worse as all labor costs would shoot up in all businesses. Further job cuts would take place, saving only the more productive ones.
Didn’t the Herald cut back costs, sell its headquarters and tighten its belt due to changes in reading habits, technology and a weak economy? Please, this is college freshman Economics 101 basic theory.
Abel A. Mestre, Key Biscayne