He of Long Wind
Join Date: Aug 2010
Location: Oil Springs, KY
iTrader: 0 reviews
I think it's a great idea. Sure, it's mathematically stupid – but why not let liberals lead us completely off the cliff. We're already at the precipice. What's a few more steps? Do we really think businesses will just sulk about their loss of profitability and continue on as usual? Give me a break. I think a few things will happen ...
With a $15 minimum wage mandate, many employers will double-down on other ways to reduce total labor costs – starting with automating any task which doesn't absolutely require a flesh-and-blood worker. For the workers who remain – the workplace will quickly become a different and uncomfortable place. Every fringe-benefit will be stripped, every moment of the work day will become more structured, the efficiency of every task will be scrutinized, and employees will be rigidly disciplined for any infraction. Many businesses will also redistribute total wages – reeling in wages of employees already making more than the new minimum. In short, the workplace will become a far more oppressive place. After the $15 minimum wage, if you take a 10 minute poop break, you WON'T be doing it on the clock.
And that's just he beginning. The price of many products and services will obviously go up. Unfortunately, the price increases will most hurt the very same people the new law was meant to help. For a skilled/certified worker who makes $100,000 a year, a 25% price increase in fast food prices, basic consumables, fuels, home goods, food, etc. is not a major budget breaker. But those price increases will surely be felt by those newly liberated $15/hr employees. And they'll discover that extra $200 a week largely evaporates in increased living expenses – leaving them be right back where they started.
And then it gets really ugly. The 109 MILLION welfare and food-stamp recipients will suddenly find their benefits to be insufficient. So to bring this liberal fantasy full circle, we will need to raise welfare and food-stamp payments to compensate for higher consumer prices. The same will go for social security recipients, who will soon find their benefits insufficient too – they'll need an adjustment as well. The result is a big increase in total entitlement spending, more borrowing from China, larger federal budget deficit, more national debt, etc.
So in the end, the same people will be poor, the same products will cost more, and the federal government (the actual taxpayers – what few still exist) will be saddled with supporting the same entitlement beneficiaries, but now at a new higher cost. But that's no problem – we can fix that. We'll just raise taxes to pay for it all, which will reduce business development, depress consumer spending, increase unemployment, etc. So sure, why not? Let's just finish destroying the American economy so burger-flippers and cashiers can feel better about their careers.