Yes it did
We've been systematically dumping leftist companies who've exposed themselves and not buying their products whenever humanly possible.
Posted on 02/21/2021 10:09:12 AM PST by MarvinStinson
Representative Ro Khanna (D-CA) declared Sunday that we should not want “low-wage businesses” when pressed on small businesses who would struggle under a federal mandate to pay employees $15 an hour.
The nonpartisan Congressional Budget Office predicted raising the federal minimum wage to $15 an hour by 2025 would cost 1.4 million Americans their jobs over the next four years.
Khanna said, “Abby, it’s absolutely the right time to give working Americans a raise. Let’s look at the facts. Amazon raised their wage to $15 nationally, not regionally. They have more jobs today. It didn’t hurt job creation or business. Target followed. They also did it nationally, more jobs.”
Phillip said, “Large businesses like Amazon and McDonald’s, for example, can and perhaps should pay more, but I’m wondering what is your plan for smaller businesses? How does this, in your view, affect mom and pop businesses who are just struggling to keep their doors open, keep workers on pate roll right now?”
Khanna said, “Well, they should be doing it by paying people low wages. We don’t want low-wage businesses. Most successful small businesses can pay a fair wage. If you look at the minimum wage, it increased with worker productivity until 1968, and that relationship was severed. If workers were actually getting paid for the value they were creating, it would be up to $23. I love small businesses, I’m all for it, but I don’t want small businesses that are underpaying employees. It’s fair for people to be making what they’re producing. I think $15 is very reasonable in this country
(Excerpt) Read more at breitbart.com ...
Raise the minimum wage to $15 and you probably raise the cost of the lowest skilled entry level employee to about $22 an hour.
Expect to see the classic substitution of capital for labor.
He is ignorant about how business economics works.
UNCONSTITUTIONAL!!!!!!!
Yes it did
We've been systematically dumping leftist companies who've exposed themselves and not buying their products whenever humanly possible.
https://thenewamerican.com/hillary-claims-corporations-and-businesses-don-t-create-jobs/
Bottom line... small businesses don't pay the amount of political tribute that big corporations pay and they don't generate union dues, so who needs them?
another by-product of California higher edukation institutions and just another dog in the pack these days.
This is not who should speak for California and its future.
He’ll get a run at a Senate seat eventually and lose, as have all those who have no options left except to leave this state, and at this rate, maybe this country as well.
It’s institutions have certainly left us, legal citizens behind.
The small businesses I’m familiar with were having to pay the same exact corporate tax rate these large chains were paying. One in particular could barley afford to hire one person at current minimum wage.
Communists believe that the State should be the only owner of all the means of production. This is a giant step in that direction.
Should I ask for reparations?
I like the way your #14 post boiled it all down.
Really high falootin’ parents with impressive degrees.
When it sounds like he’s had a rather cloistered, cocooned existence. Never really had to worry about being fired, evicted, having a working car or paying for tuition.
Nothing wrong with being academically accomplished. Of course not, but be ready to learn from others who have been fated to take a different road to something approaching financial security.
Stunningly ignorant moron
Shades of Hillary saying they couldn’t be held responsible for every under capitalized business that fails. These so-called progressives are always the same in power: bad.
Shout it from the mountaintops.
Very True.
I see the only way small businesses survive is to either pay salary, or run it as a small mom and pop family business.
If workers were actually getting paid for the value they were creating, it would be up to $2,300 daily - Khanna meant to say
"Khanna said, “Well, they should be doing it by paying people low wages. We don’t want low-wage businesses. Most successful small businesses can pay a fair wage. If you look at the minimum wage, it increased with worker productivity until 1968, and that relationship was severed."
Awww, because The Great Society $1T swindle by racist Democratgogue LBJ kicked in, you ignorant curry-swilling nimrod.
I’ve been twice banned by Breitbart, so I’ll make my comment here.
My first wage job, was minimum wage and within 30 days I received a raise from $1.65 to $2 per hour and subsequent increases after that.
I worked in a Liquor store across the river from Compton, yes, THAT Compton CA.
I went on to bigger and better things.
That job was just a start for a 16 year old kid.
Too bad kids now a days won’t get the opportunity to prove their worth to themselves with all this minimum wage BS.
Previously I had been an independent contractor, pulling weeds,mowing yards. Shipwright apprenticeship, paper boy, but that store was my first W-2 job.
White boy in a “minority” neighborhood.
Automation, that is the 800 pound gorilla in the room no one wants to talk about, mediocrity is over, personally if this person was smarter, he would argue for universal basic income type deal or something similar.
Absolutely no idea how a business works....
No mind inside skull to hold that info, either.
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