Monday, September 30, 2019

Democrats fight hard to deny poor people jobs

Democrats have been working hard to drive up the minimum wage to $15/hour.  They never explain why $15 vs say $100.

One of the reasons is that they don't understand economics.  If a company has to pay someone more than they're worth, ie more than the revenue that person's labor generates, then the company will go out of business because unlike the government, which is the only thing most Democrats are familiar with, companies can't print money.

Well it turns out that in NYC a survey of 324 restaurants showed that 76.5% cut hours and 36.3% cut jobs as a result of the new $15/hour minimum wage.

The reality is that the government can't mandate magic money for low skill workers. What happens when they try is people lose their jobs if they lack the skills to produce $15/hour of revenue.

But as usual Democrats don't care about who they hurt only how many voters they can buy.

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