Raising the minimum wage always sounds good, until its properly analyzed. And, one would think that a BILLIONAIRE like Tom Steyer would understand that. But, he’s running for the Democrat nominee for President. So, he has to spout out the standard talking points that are popular with the Democrat low-information demographic. Thanks to Ed Rensi for injecting a little common sense into the discussion here. An entry level job at McDonald’s or some other fast food business is exactly that; an entry level position. So, the pay isn’t supposed to be a “living wage.”
Minimum wage
‘Death by a thousand cuts’: Government-mandated wage, benefits hurting small businesses
Study: Maryland County Would Lose 47,000 Jobs by 2022 if It Raises Minimum Wage to $15
Raising the minimum wage arbitrarily is a foolish thing. But, it’s trendy and popular in big cities and blue states where Dems are in control. So, kudos to Mr. Leggett (D) in Montgomery County, Maryland for putting common sense ahead of a failed liberal Democrat agenda item. Wages should be determined by the free marketplace; NOT some politician or silly, however popular, ballot initiative.
Seattle’s minimum wage hike hurting low-level workers, study says
Colorado minimum-wage campaign demanding $12 can’t bother to pay their workers that much
Dunkin’ Donuts franchisee closing 100 stores
Take a good hard look at WHY Dunkin’ Donuts is shutting down 100 stores, and why the CEO predicts “mass layoffs”.. It’s because of Democrats foolishly, and arbitrarily, raising the minimum wage to $15/hr in some places like New York and other major metropolitan areas. The minimum wage should be determined by the work place; NOT arbitrarily by some Democrat politicians who want to make their uneducated constituents “feel better.” I wonder how they’ll feel when they get laid off, or their company folds because they can’t pay the wages their required to pay by law. Who loses then? EVERYONE! After all, who is gonna pay $20 for a Big Mac? NOBODY. Yeah.. These morons don’t think through those inconvenient details/facts. They just pull $15/hr out of their liberal butts and when they hear it got passed they all cheer….until they get let go. I’m becoming more and more convinced that the reason that The Walking Dead and other such silly zombie nonsense is so popular…is because many people see themselves in those zombies. They relate! It certainly explains some tool like Obama getting elected…twice. But, I digress.. Again, read this article, twice if need be, and pass it along to your friends who all think that a hike in the minimum wage is such a great idea. It’s not. It SOUNDS good.. But, in reality, it causes far more harm than good..FAR more.
Study Claims Minimum Wage Increase Cost Americans 1.4 Million US Jobs
Of course.. That’s why socialism fails wherever its tried. Its a matter of supply and demand; Econ 101. When government artificially, and arbitrarily, mandates some wage that they deem to be “fair,” but has NO bearing on the economic value of the service provided, the only person it ultimately hurts are those looking for jobs, or wanting to keep their jobs. If McDonald’s were to suddenly be forced to pay their employees $15/hr, who the heck would buy that $20+ Big Mac? Exactly.. NOBODY. So, ultimately, that McDonald’s business would tank, the employees would be let go, and that franchise would go out of business. EVERYONE would lose. Supply and demand. And yet, most Democrats, and liberals in general, either are too stupid to know this basic law of economics, OR they’re disingenuously just buying votes from the low-information crowd; their voter base.
Raise the minimum wage to $14/hour using this ‘weird’ trick
Raise the minimum wage to $14/hour using this ‘weird’ trick
Ann makes a clever point here. And yet another reason for addressing the chaos surrounding the illegal immigration issue in this country.