Posted on 02/05/2021 8:00:18 PM PST by jfd1776
We’ll just see inflation. A return of what we went through back in the 1970s.
Will Disco be involved?
Ask Joe. I heard that he’s a big fan.
There is a reason why economics is no longer offered as a course in public schools, politicians can’t deal with a public that understands it.
Good article and absolutely spot on! The bad news is that it seems those pushing the $15/hr idea never worked in a small business or managed some profit-seeking enterprise. They could read diLeo’s article and only come away with some polemic about the rich not wanting to pay the underlings.
The government should pay it out indirectly by funding it through an employment levy on all the greedy anti-American companies and corporations hiring foreign worker trash instead of Americans.
a levy, equal to the prevailing industry wage or the wage paid to any H1B, H4EAD, or OPT or work-based green card holder (a vast, vast majority of them being Indian)
This money should be paid to all displaced American workers forced to work at minimum wage part-time jobs due to being locked out of their own industry.
No kidding. Trillions of dollars in borrowing, and increased minimum wage is a sure recipe for inflation. Democrats have to be the dumbest, dumbest people on God's earth.
Democrat land
Because Orange man bad
•
I love the $15 minimum wage.
Two reasons...
(1) It completely destroys the economic rationale for massive low skill immigration, especially since Biden plans to give Green Cards to all the illegals.
(2) It compels USA business owners to invest in labor saving machines and expert software. Currently, the USA trails both Japan and northern Europe in automation.
Look at WalMart, Target and most grocery chains. Evey remodel adds more self-serve registers and departments. My local grocery store has 9 self scan registers and only 6 regular registers. Of the regular registers, you are lucky to see 2 open on any given day. Weekdays from 7-10 ish they have 2 open, then only 1 until 3-8 or so when they reopen a 2nd. Weekends only have 2 and one cross trained bagger who rings as needed.
That is a tread that will continue.
Borrowing? From whom? It’s nothing more than printing paper, calling it money, then paying interest on the owner of the press. The “ Federal Reserve.” It is neither.
My local WM Neighborhood Market just went 100% self-checkout. It opened four and a half years ago with 8 checkouts. Then remodeled about a year later with four self-checkouts. Then they installed higher quality versions. Just last month they tore out all remaining checkouts and put in 12 self-checkouts. Most of the former checkers are now pulling groceries for pickup. There are maybe two people watching the entire checkout process.
Former checkers are hating it as they get stuck pulling-in carts, bagging or being stuck back in glorified restock or internet shopping roles for pickup.
[This money should be paid to all displaced American workers forced to work at minimum wage part-time jobs due to being locked out of their own industry.]
They have definitely waged war on the American I/T worker. Especially since 2008.
[This money should be paid to all displaced American workers forced to work at minimum wage part-time jobs due to being locked out of their own industry.]
They have definitely waged war on the American I/T worker. Especially since 2008.
60 cents increase per gallon of gasoline in my city just today.
I can’t remember if the country went bankrupt after going from 3.35 to 7.50 or whatever it is. We are the party of no so I’m not sure why anyone is surprised that we’re against this.
You obviously never been to a supermarket. Inflation is occurring even with low wages. Explain how you think raising the wage is going to cause inflation? It has been for 4 years!!!!!
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