Michele Bachmann Would Consider Lowering Minimum Wage To Match Cost Of Overseas Labor

During a campaign stop in Florida, the Associated Press reports that Rep. Michele Bachmann (R-MN) said she would consider lowering the minimum wage. Her comments came in response to a question from a journalist regarding whether changes to the minimum wage should be considered to balance the cost of labor here and overseas. “I’m not married to anything. I’m not saying that’s where I’m going to go,” she replied. Although Bachmann’s comments were reportedly given in the context of creating jobs, a post by the Economy Policy Institute explains why such a policy would mostly just stimulate poverty.