Raising the minimum wage is rocket fuel for inflation, negating the effects of helping low income earners, and making things harder for everyone else.
“A nationwide minimum wage of $12 per hour would shrink government, aid families, curb illegal immigration, spur high-tech investment, and boost GOP support among working-class voters “
Point by point deconstruction of this blather in 3,2,1
1. Shrink Government: What in the hell does he think, that welfare would go away if everyone was making 12 bucks an hour? If anything the libs would say that now that everyone is making 12 bucks an hour there would be more “tax revenue” thus we can afford more “Social programs”....
2. Aid Families: What the hell do they think that now that because Joe McBurger flipper now makes 12 bucks and hour that the breadwinner of a family who was previously making 12 bucks an hour will get an automatic raise, get real... What will happen is the price of such staples as food will rise BEHIND the raise curve and those who were already making around 12 an hour would be the first to get royally screwed, most of them being the Patriarchs or Matriarchs of families...
3. Curb Illegal Immigration: Oh sure like all the illegals that have identity thieved their way to a “valid ID” would now go back to Mexico because they could make so much less. Identity Theft would skyrocket as the ones here that don;t have fake ID would be provided with even MORE reason to get a fake ID to get on the minimum raise bandwagon of 12 bucks an hour. Not to mention when word got back to relatives living in other countries, I am sure they would really want to stay in home country...I say that sarcastically.
4. Spur High tech investment: Why pay an several domestic workers in say a call center or help desk 12 an hour that you were previously paying only 9-10 dollars an hour, when you could pay some guy in india far less and not have to pay all the other taxes and medicare and SS tax crap that the employer has to pay.. This would really6 accelerate outsourcing to both India and China...
5. Spur GOP support: Fat freaking chance there, the GOPe party is the party of freaking stupid, they would totally screw this up even if “credit” for it was handed to them on a silver platter. Plus with the boost to a new wave of outsourcing and illegal immigration the only people taking the blame would be the GOP because this would cause such a large demographic shift in the voter base that it would literally spell the end of the GOP.
Since the inception of establishing a “minimum wage” the very basic coin of the realm,the cent, has become valueless. Todays penny costs more to make than its assigned value. Even Canada stopped making them.
Yet this is not an argument for abolishing the coin itself. But to point out when a minimum wage rate is raised it affixes a given rate of inflation to the period of time it’s emplaced. All raising the minimum wage does actually is devalue the dollar because costs (purchase prices) eventually get adjusted in time, which is never discussed by those advancing the argument, to compensate for the devalued increase..
When economists discuss monetary value, which is the purchasing power of that unit, they allways refer to the top value of the coin of the realm in our (US) case it’s the dollar which is composed of 100 cents not the most basic unit which is the penny. .
A case in point is in the 1940’s a candy bar cost 5 cents when the hourly minimum wage was $.50 per hour. What does it cost today ? Likewise what were the costs of basic goods and services during that period of time as compared with todays basic wage feel good tinkering ?
Who gets hurt the worst when these adjustments are decreed by government? It’s those living on fixed incomes who’s income value is based on previous minimum wage levels such as social security but not adjusted to the previous current rates of inflation. and that also includes living on government subsidies because those subsidies eventually get increased. .
When these feel good socialists frauds under the democrat party banner propose these increases. That is never considered as they pound their breasts claiming they’re for the little guy. All they’re doing is un-necessarily raising the price on goods and services broadening the demand that those affected seek help from them..
I he trying to tempt people on welfare to get of job? That’s not fair.
They should double welfare benefits, which would allow people to have freedom of choice to work or not.
Fantasy/exercise in fantasy. The “shrink government” was the first clue.
This proves he’s a Libertarian. He has to be on serious drugs if he thinks the gummint would ever cut back on the freebies just because the minimum wage is sky high.
NO, UNZ! ARE YOU STUPID OR JUST A LIAR?
● The amount immigrants can be paid and have a company still qualify for subsidies would simply be increased by the government!
● The income considered middle class would self-adjust upwards until the very same people were no longer in the middle class!
● The amount people can earn and still qualify for government handouts would inevitably be raised by politicians!
Politicians will do these things because taking any handout away from people gives the opposite political party a chance to accuse them of taking food out of the mouths of babies! They want little brown children to starve!" would be the cry.
ANY solution that uses the government to influence an outcome simply grows the government. The only way to fix things is to remove government from the equation! Otherwise, it's just a Möbius strip of bigger and bigger bureaucracy.
Sadly, I can totally see the GOP buying his garbage.
I’m sure it would to all those things...for those who still have jobs after the $12 rate in implemented.
The stupid....it burns!