Tag: minimum wage
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Minimum wage increase cause business to compensate… Go Figure!
File this under DUH! A business exists to make money. If it doesn’t make money it goes out of business. That’s it… end of story. When the cost of labor goes up the business’ profit goes down unless adjustments are made. One of two things have to happen. Either find a way to reduce the…
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Idiotic WSJ article on minimum wage ignores supply in deference to demand
The article linked by this post is utter nonsense. They infer that people can’t afford housing because the minimum wage is too low. They report nothing about the lack of housing being built and government policies in most large cities preventing developers from increasing the supply. The biggest expense for most Americans—housing—is unaffordable for people…
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Big business support higher minimum wages to crush competition
Big businesses aren’t interested in raising the minimum wage to help its employees nor do they believe a higher minimum wage will help the poor. They believe it to be a tax on the competition. A minimum wage is a tax on labor and the higher it goes the higher the barrier to entry for…
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House Democrats ignore rules to ramrod minimum wage increase through
The Democrats have no shame. When the rules don’t favor them they obfuscate, avoid, circumvent, and even ignore them. An effort to raise the minimum wage to $15 an hour by 2025 as part of the relief package was thrown into doubt after a ruling from the Senate parliamentarian late Thursday. The nonpartisan parliamentarian said that raising…
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The Wall Street Journal is now the Babylon Bee
The above is a screenshot of an actual blurb on the Wall Street Journal’s website. This should be in the Babylon Bee rather than on WSJ. Does anyone see anything wrong with the “study” saying over 1.4 million jobs will be lost but yet 900k people will be raised over the poverty line? My God…