The democRATs are such idiots. Most have never had a productive job in their lives.
The only economy Sanders has EVER boosted is his own.
The right way to raise wages: send illegals home, dump oppressive regulations - - then allow the private sector to create enough jobs so competition for labor naturally increases wages.
Supply and Demand?
Meh. That’s so last millennial.
How real are all those 1s and 0s in whereverland that supposedly represent the “wealth”/A$$paper of post-modern “culture”?
Got M3?
https://en.wikipedia.org/wiki/Money_supply
Saw this on the internet; It’s so cold in DC that some democrats have been seen with their hands in their own pockets.
BTW, CA has passed a $15/hr law that will be phased in over the next several years.
Pretty soon everyone will be getting $15 an hour without the government mandating it. Once the flood of unskilled workers stop pouring into the country, employers will have to pay more to attract workers.
Oh wait, the Republicans may kill the cutting of immigration or the Democrats may prevail too.
They don’t work for us.
Minimum-wage hikes are only half of what caused Venezuela’s problems. The other half are the price controls.
A supplier can (somewhat) absorb a minimum wage hike if he can raise prices. You’ll get inflation, but you’ll still have products on shelves. Venezuela’s problem is that prices are fixed way below what it costs producers to produce those items.
To go full-Venezuelan, Bernie needs to also call for price controls. I’m sure that’s in his playbook down the line.
Bernie needs a one way ticket to Venezuela & no right of return.
Maybe he can wake up. Take his wife with him.
Maybe she can find a University that she can plunge deeply into debt....like she did here in the USA.
Margaret Thatcher
Three homes owner Bernie Sanders sure knows how to bait the parasites.
Remember, in America $15 per hour is the cost of servicing a union member at the national level. Union dues are usually one hours pay per month and 15$ is the break even point. The end game must always be known up front. Can’t organize people you can’t afford.
***raising the minimum wage***
If this solved all problems we should still be working for 25 cents an hour, in real silver coin.
Yet in the US, where “more government” mandates have failed, Trumps “less government” tax” plan has allowed voluntary wage increases to $15/hr.
So which approach is the winner, class?
When price controlled socialist states like Venezuela start crumbling, the haves and have nots are defined by who has toilet paper.