rightwinger
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- Aug 4, 2009
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A minimum wage increase bumps all low skilled wagesHere is where the whole crazy scheme falls flat on its face. Does anyone really think that if person A is making $9.00 an hour and person B is making $15.00 an hour and person C is making $20.00 an hour. Do they really think that if person A suddenly makes $15.00 an hour that person B will just shrug his shoulders or will he want more money? Will person C also want more? Of course they will both want more believing rightly so that they are worth more then minimum wage as the were before it was artificially inflated.I don’t support a nation wide $15 an hour bill however if you want to know the dems motivation behind the policy it is very simple. They want people to be able to make a livable wage and not have to work multiple jobs or work full time and still be in poverty. A healthy free market should show wage increases to keep up with living costs however our system is not very healthy so things are going to start being regulated by the government. This is unfortunate but it’s the truth.Everyone should know that this will reduce the number of entry level/low skill jobs, so what is the Democrat motive for a $15/hr minimum wage?
The answer is that this is exactly the result they want: Fewer people working and more people dependent on government programs.
Guess how they will vote?
Companies will still need to make a certain amount of profit or go bankrupt. The way they will do that is to increase the cost of their products.
So for a short time the artificially inflated minimum wage will seem like a god send until wages and prices for products increase then minimum wage will be equal in purchasing power to before the artifial raise. It is called inflation.
We could continue on artificially raising minimum wage and letting prices raise in a crazy idea that we can make everyone artificially happy until we need a wheelbarrow full of cash to buy a loaf of bread.
As it should