Posted on 04/14/2016 5:21:15 PM PDT by Beave Meister
When signing the bill raising California’s minimum wage, Governor Jerry Brown called the new $15 minimum wage “good politics” but “questionable policy.” He may be more prescient than many realize. There was a time in recent American history when a minimum wage of nearly equal magnitude to California’s was imposed, and “good politics” turned out to be disastrous policy. It is worth remembering this previous minimum-wage experiment as voters assess whether the progressive push for substantially higher minimum wages will deliver prosperity for the working class.
President Obama has long supported the so-called Raise the Wage Act, which, if passed, will increase the federal minimum wage to $12 by 2020. The $12 national minimum wage is a cornerstone of Hillary Clinton’s campaign platform. Bernie Sanders is campaigning on a $15 national minimum wage, more than double the current federal minimum wage of $7.25.
Progressives in favor of a high minimum wages dismiss the common-sense notion that such a law could make it too expensive to hire some workers. The progressives believe that fat profit margins allow businesses to absorb additional labor costs without layoffs. In their worldview, higher minimum wages are merely a way to transfer high business profits to struggling working-class Americans.
(Excerpt) Read more at nationalreview.com ...
Just read a story on Drudge where this robot made 360 hamburgers in one hour. I was at an air show a while back and they had this breakfast machine where you could choose various meals. Around noon it changed over to a burger/pizza machine. There was just one guy servicing it. You put your money in and made your choice.
We have yet to see any signs of any state/city/country running out of other peoples' money.
Brown’s liberal stupidity is spreading...to Chicago already...and certainly elsewhere. Gross destructive stupidity for political gain. A big part of the liberal platform with no care for consequences.
I doubt the government will let their decrees be avoided that easily. And we both know unions will do all they can to stop it (perhaps that’s why McDonald’s workers want to unionize).
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