The experience of Seattle, where the minimum wage was raised to $15, shows without a doubt that it costs jobs:
…while the city of Seattle experienced a sharp drop in employment of more than 11,000 jobs between April [when the first min wage hike took place] and December last year (light blue line, BLS data available here), employment in Seattle’s neighboring suburbs outside the city limits (the Seattle MSA jobs less Seattle city jobs) increased over that period by nearly 57,000 jobs and reached a new record high in November 2015 before falling slightly in December.
Progressives want this outcome for two reasons:
- The unemployed are dependent on government handouts for their survival, and will vote for Democrats (the progressive party) to keep the benefits coming
- People with ambition to be more than lumpen are forced to pay vast monies (often borrowed) to the education industry, which is owned and operated by progressives. While acquiring the credentials that may (or may not) enable them to get jobs at minimum wage or higher, they wull also be propagandized into progressivism.
This strategy is entirely cynical, sacrificing the welfare of others in order to enrich and empower progressives.
Just curious - does $15 buy the same amount of rent, groceries, or movie tickets in NYC as it does in Hudson Falls, NY ?
How many state jobs pay under $15/hour?
How much will the state pay with 200,000 newly unemployed?
Meddling marxists. Utopia is just around the corner.
Legal Plunder Has Many Names
Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, MINIMUM WAGES, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole — with their common aim of legal plunder — constitute socialism.
CAPS - mine
http://bastiat.org/en/the_law.html#SECTION_G020
here comes more automation - bye bye jobs
Keep in mind that the minimum wage serves another purpose, as well. It fuels the influx of illegal aliens, who are willing to work under the table for a pittance. Then, while claiming that deporting all of the illegals is unworkable, the progressives want to offer amnesty--thus creating a new pool of liberal voters, further shoring up progressive political power.
It's all about the endgame, in which "progressives" live luxurious lifestyles and everyone else has to struggle to survive. Somehow, that socialist/feudalist system is supposed to be utopia for everyone.
Ah, time for the return of the automat. Horn & Hardart, anyone?
wage inflation is absolutely required to pay for Obamacare and induce the general inflation to reduce the debt
Why are they so stupid to limit it to $15? Why not $100, so everyone will be rich?
Let them! this way for 15 bucks an hour they won’t be hireing people who can’t speak English. It will also show thosecountry club honchos who rely on cheap labor and who”work with the Democrats to get things done” a thing or two.
And the definition of doing "little if anything" is??? (Wink)(Wink)
The thing that always amazes me about liberals is that somewhere a stupid policy is implemented (like Seattle). The policy fails miserably. Then other liberals jump over each other to be the next one to implement the lousy policy. They are incredibly stupid.
$15 an hour minimum wage just part of the grand socialist plan when will the CEO and the custodian make the same wage?.
What's their beef? So they still don't make a profit. Even better, a big deficit. They should be happy!