And they call us stupid? It’s all so simple - yet the left can’t see it:
When wages are set by government fiat employers no longer have to worry about employee retention, since there’s greater demand for the jobs due to workers displaced by those same higher wages. And since employers don’t have to worry about employee retention they no longer have to offer non-monetary incentives to keep employees happy (like treating them well...).
Worst of all, min wages put pressure on all wages, thus causing price increases. It’s beyond dumb.
I would call this the law of unintended consequences, but 100 + years of economics shows what minimum wage laws do to an economy.
the Left won’t be happy until government takes over every service and industry and turns a country’s economy into a fake Soviet economy.
Tim Hortons and Tim Hortons’ employees everywhere; but no customers. Then make the donuts free. Plenty of customers!
Each Tim Hortons can employee thousands of employees giving out millions of donuts and coffees for free. All they have to do is get the government to make it so!
EVERYONE is then happy! Free jobs & free donuts! It’s the “chicken in every pot” of the 21st century!
When you have absolutely no economic sense, then you can do anything, even that which doesn’t work. It’s all good, eh?