I talk with alot of regular non political people and the one thing most of them have in common is they support the $15 minimum wage. These are not all Bernie backers, either. Their argument usually falls along the line of “well, these rich CEO’s can afford to give workers a raise.”
The level of economic ignorance in this country is astounding
These “regular non political people” must be thinking they haven’t been taxed enough already (i.e., not Tea party).
Just a few years back, the 47% number must have jumped quite a bit .....
Newsflash. Those rich CEOs will still be rich no matter what is set as the minimum wage.
You are right, The level of economic ignorance in this country is astounding
What about the poor fool who is making just above $15 per after years of dedication to their employer and hard work - surely they will get a $7 raise the instant the $15 minimum kicks in. Otherwise those years of hard work were a big fat waste of time and effort.
The main problem is the raise is not tied to merit and hard work.
You can be a terrible worker and you still get a huge raise and it leaves a person wondering why work hard — there is no reword in it.
Isn’t socialism wonderful.
The level of class envy is astounding.
I’ll bet they are the same people who eat at a restaurant and leave either a very small tip or no tip at all for the waitress/waiter.
Re: “The level of economic ignorance in this country is astounding...”
I come from five generations of independent business owners.
I avidly support the $15 minimum wage.
Two reasons:
(1) It completely annihilates the political and business rationale for massive LEGAL immigration. We can’t import cheap, socialist voting laborers anymore because there is no cheap labor anymore, and, because they will keep voting themselves pay raises.
(2) It destroys the cheap labor business model. Independent business owners have three choices. Change their business plan. Or, invest in labor saving software and machines. Or, go bankrupt.
Take them to a local McDonalds and ask to speak to the “rich CEO”.
“well, these rich CEO’s can afford to give workers a raise.”
Divide what the CEOs have by the number of workers, and you don’t end up with much going around.
A dramatic scene in “In Time” shows a rich guy with a safe containing a million years of sharable life, which a million people wanted to redistribute. Struck me how the great benefit to one meant so little to those demanding its redistribution, once they got their share.
The wage and price controls by President Nixon tanked the economy. Ranchers stopped shipping their cattle to market, farmers drowned their chickens, and consumers emptied the shelves of supermarkets. Have we not learned by our mistakes?