Minimum Wage

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ℹ️Minimum Wage
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By :  Aristotle Sabouni
Created :  2019-01-31
    1Liner  : 
The delusion that politicians know the big magic round number that fair for everyone, everywhere, at the same time.

Summary  : 
Minimum wage is the delusion that bureaucrats and politicos know more about what's fair than the laborer and the employer, and that there's a magic round number that fair for everyone, everywhere, at the same time. It hurts employment, increases automation and offshoring, and drives up prices. But other than that...

To the left, raising mnimum wage will help people: and they'll unemploy as many people as it takes, to get us to utopia. So I ask, if $15 helps, why not raise it to $1,000/hour and make everyone rich? Because raising the cost of something, reduces the demand -- so rising wages means more unemployment. <ul><li>Property "Left" (as page type) with input value "Minimum wage hasn’t kept up with inflation, and we can just raise the minimum wage to give a “living wage” to the millions of working poor, with no negative consequences, it’s only been the heartless and greedy conservatives that refuse to allow this (because the less the poor have, the more they have). If it wasn't for Democrats the Republicans would make everyone wage slaves because they're only out to help the rich." contains invalid characters or is incomplete and therefore can cause unexpected results during a query or annotation process.</li> <!--br--><li>Property "Right" (as page type) with input value "Minimum wage did keep up with inflation, most minimum wage workers are teens and elderly or part-time supplemental jobs, and there’s no one wage that would be equally fair in NYC and rural Idaho at the same time. Economists know that raising the minimum wage is the same as increasing discrimination against the least skilled or experienced: increasing the costs to hire, will reduce hiring (increase automation, offshoring, etc) and increase the cost of goods. The people championing minimum wage are failing to point out that if you un-employ many, to help a few, and drive up the costs of goods and services by more than you help, then no one is really coming out ahead." contains invalid characters or is incomplete and therefore can cause unexpected results during a query or annotation process.</li></ul>

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Conclusion[edit | edit source]

Of course both sides want to help people. The left just believes that the way to do it is through government. And the right understands that even if there was some benefit, it's only in the short term and for a few -- to help the most people, you need to help the economy. If you increase demand for labor (and supply goes down), then salaries will go up naturally -- and you don't increase demand for workers by putting a burden on hiring and allowing unfettered illegal immigration. Compassion is putting reality above your desires, and looking at what works better. Historically, that's never been the more socialist/government centric approach... at least not for long.

Videos[edit | edit source]

Who Does a $15 Minimum Wage Help?
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<html><iframe width="</html>320px<html>" height="240" align="right" src="https://www.youtube.com/embed/</html>HwcHRyvrNCE<html>" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></html>
PragerU
What's the Right Minimum Wage?
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<html><iframe width="</html>320px<html>" height="240" align="right" src="https://www.youtube.com/embed/</html>4j01L69eXdI<html>" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></html>
PragerU
How Does the Minimum Wage Work?
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<html><iframe width="</html>320px<html>" height="240" align="right" src="https://www.youtube.com/embed/</html>edtqrOmL_QQ<html>" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></html>
PragerU
How the Minimum Wage Hurts Young People?
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<html><iframe width="</html>320px<html>" height="240" align="right" src="https://www.youtube.com/embed/</html>s-t_D_R08eU<html>" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></html>
PragerU
Minimum Wage Propaganda
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<html><iframe width="</html>320px<html>" height="240" align="right" src="https://www.youtube.com/embed/</html>mHkLDX8uoCI<html>" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></html>
Patrick Bet-David Video


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