Another reason to call them uninformed or just plain stupid?
Are the Administration and Unions trying to shift subsidies onto the private sector?
The constant push for higher minimum wages, as high as $15, would shift the burden of subsidizing low income and low information people to the private sector.
Government will be praised as heroes while (un) intended consequences would make life worse for those poor subjects who will follow like lemmings down the proverbial cliff.
What they will encounter is to lose eligibility for welfare, food stamps, Medicaid and other State and federal programs, leaving them worse off than before. Because of their newly found “wealth”, they would be classified as the “new middle class” courtesies of their compassionate Administration. All the while the federal coffers would increase because of cost savings.
The evil Corporations would be blamed for causing this problem for not paying for extra subsistence.
I don’t believe that that calculation has not already been made by the Agencies?
This is only my personal opinion and I could be wrong.
You have some very good points. I see things like inflation ramping up with the increase in the ‘base’ wage. I also conversely see businesses large and small saying ‘To heck with this I’m going to automate everything!’
I can also see the Alternative Minimum Tax kicking in for more and more people. Yep that’ll teach them to actually work when being on welfare brings home more money in the long run.