We let the left take control of the schools. Now we have a public filled with entitled, indoctrinated fools. Unfortunately, they vote, they are seizing control. They will do things we recognize as pure folly.
The 7 year old has taken the keys to the car, and we can only watch and hope that the crash is something they can recover from.
A friend of mine pointed out that elder care costs will increase because the in-home care people will quit those harder jobs for the easier ones that pay the same. Then, we will pay more for elder care. Solution to the problem? A new pandemic to hit those of us who didn’t succumb to the CCP virus this time around.
Not to mention, those who are advocating for a federal minimum wage of $15 do not understand that all those jobs in warehouses that we order online will become even more automated than they already are. Robots will be used for picking orders. They can work around the clock, they show up on time, often need little maintenance, don’t sass the boss, and don’t need benefits like healthcare and whatnot.
There’s no problem here.
All they need do is learn to code.
It works for the pipeline people, doesn’t it?
Progressives don’t care about the negative impacts of minimum wage increases, they care about the headlines.
Walter Williams summarized the general position of economists on this issue in an article titled "Minimum Wage, Maximum Follies." He wrote, "While there is a debate over the magnitude of the effects, the weight of research by academic scholars points to the conclusion that unemployment for some population groups is directly related to legal minimum wages. The unemployment effects of the minimum-wage law are felt disproportionately by nonwhites."
Minimum wages reduce the employment of low-skilled workers -- a group disproportionately represented by immigrants, inner-city minorities and young people. Some workers lose jobs altogether, while others see their hours reduced. This doesn't mean that there are no beneficiaries of higher minimum wages. Economic theory predicts that some workers who are currently employed will retain their jobs with no reduction in hours, even after the minimum wage is increased. For those workers, the increase means higher take-home pay, although the jobs themselves might become more demanding or less secure.
[...] economists at the University of Washington studied the employment effects of Seattle's move to gradually increase its minimum wage to $15. Seattle, already a high-wage city, first raised its minimum wage to $13 in 2016 and hiked it to $15 in 2021.
Summing up the findings in Seattle, Michael Strain writes in Bloomberg: "The economists found that this led to a 9% reduction in low-wage jobs. The pay increase it generated didn't make up for the reduction in employment, and earnings fell for low-wage workers overall. The economists' subsequent research found that the gains from the higher minimum wage accrued to more experienced workers." As I noted, there are some winners (those who are already relatively better) and some losers (those already worse off).
The real minimum wage is zero, which will be the wage of the 1.5 million or so the $15 an hour will put out of work.