Reply to $15 minimum wage in MoCo

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Reply to "$15 minimum wage in MoCo"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Idiots.

Next time you go into Giant or Home Depot and you notice that half of the checkout lanes have been replaced with self-serve stations, you will see what a $15 minimum wage looks like in action.

Next time you walk into McDonalds or Starbucks and place your order on an ipad, you will see what a $15 minimum wage looks like in action.

Are people really this stupid?[/quote]

Yes. They are.

They see absolutely zero correlation between cost or employment and prices, or automation and job losses. They see the entire world through the filter of feelings and pity. The people who are the proponents of this are killing the jobs of the people they see themselves as the benefactors and protectors of. So yes, they are that stupid. [/quote]

+1000

NP.

Basic economics, people.  None of you high minimum wage promoters have ever taken an economics class, I wager.  Money doesn't fall from the sky just because Uncle Sam mandates it.

When you artificially raise prices, you'll going to create inefficiencies in the market where people who want the service but can't afford the higher price will not be able to get their service, and the producers who would have otherwise had a job providing that service instead have no job.

Same thing goes for wages - if the gvt artificially raises the cost of hiring the employee, but the employer cannot afford that higher price, you're going to have people who would have been willing to work for less, without that job, and an employer who would have otherwise had additional help, without that employee.

You know what you do have?  MORE PEOPLE ON WELFARE!

Hooray![/quote]

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