Higher wages… less purchasing power. The Biden inflation legacy

I doubt the $15 minimum wage promoters will understand that you can get paid more but make less in the end. I’m sure the Biden administration will print up more money to pass out. That’ll solve the problem. Real (after inflation) average hourly earnings have declined for seven consecutive...

Inflation starting to look a little sticky

I’m starting to lean towards the notion that this will not be a transitory inflationary period. If a federal $15 minimum wage comes to pass combined with further climate change regulations there is nowhere for costs to go except up. “In an environment where inflation continues to rise quarter...

Technology rapidly replacing restaurant staff

Just say no to hiring. Competing against the federal government in hourly pay is a no win situation. Private business can’t compete against an entity that doesn’t have to turn a profit and has the ability to print money at will. High end restaurants might still need a wait...

President Kamala Joe

British asshole identifies as Korean, Biden whiffs on Miami building collapse, Zuck interfered with our elections, businesses compensate for increased labor costs, politics infect VAERS, no need for vaxx if recovered from COVID-19, creepy lady of the lake, and more...

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...

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...

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...

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 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...