Minimum wages inherently discriminate in favor of Big Business and Big Labor--and against inexperienced or, more to the point, non-union workers. And the Big Boys want it that way. This is what Nathaniel Branden meant when he said Rand's ideas for capitalism would be far too radical for them to support.
There is a correlation between the declining value of the dollar the stock market and rising minimum wage. The issue is which is cause and which is effect? It is a government policy to continue to devalue the dollar so debt can be paid with cheaper currency. Politicians argue for a minimum wage to address a problem that they themselves created.
Yes... They truly are that ignorant- and yes they really are that dangerous to the rest of society! Those progressive morons believe this Bernie economics!
Seems to me, if he is rational, which he probably is not...would be to NOT raise the minimum wage. I don't think that the extra taxes collected from these increased wages will out weigh the overall loss of jobs in the state.
The back side of all of this is the need for more cash to buy goods...economic leap frog- raise pay, then the costs of goods goes up...then we need another raise that will inevitable raise the cost of goods once again. I remember as a teenager going to the drive in movie with my date, grabbing a bite to eat after and filling the gas tank...all on a $5.00 bill...now days it would cost you better than $30.00 to do the same.
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I remember as a teenager going to the drive in movie with my date, grabbing a bite to eat after and filling the gas tank...all on a $5.00 bill...now days it would cost you better than $30.00 to do the same.