A Democrat administration and ‘talk’ starts of an increase in the minimum wage. Whether any action takes place remains to be seen. Something I figured out years ago was that whenever any legislation is put up that might benefit the people, well by golly its always just 1 vote short. Now if its a tax increase or a restriction on our freedoms, well by golly that one just happens to squeak by with enough votes. Amazing how that works.
And like clockwork, talk of a minimum wage increase causes conservative media (FOX, Breitbart, the New American, Federalist) to regurgitate the same old arguments why the world as we know it will end if the minimum wage goes up! Its a job killer! Well you’re not supposed to stay in a minimum wage job! Not every job is worth $15 an hour! High schoolers won’t be able to find a job!
Despite these dire predictions, the minimum wage we’ve had since 1938 never has caused the demise of Western Civilization any time that it has gone up. Quite the contrary. People get off the welfare rolls. It takes away the incentives to hire illegals. The employer pays the wages, instead of having them subsidized by the tax payer. Republicans and business have been crying wolf for 83 years and I’m sick of it.
The minimum wage has been the same since 2009. Congress has had 12 pay raises since then. Corporate profits have been through the roof. Instead of 545 richest people owning half the world’s wealth as in 2009, now its down to the richest 87 people own half the world’s wealth. The pendulum has shifted too far.
“That’s the way it is with capitalism!” No its not, that’s the way it is with corporatism.
How come they never worry about the top tier of CEO’s receiving a $300M compensation package? That’s the new benchmark of when they have “arrived”. Outlandish salaries and benefits to senior management and the board that are company killers. Depletion of capital, no dividends to share holders, no reinvestment towards the future of the company. $300 million would pay 7,500 workers $40K a year. That’s $20 bucks an hour. They’re going to sit there and tell me 1 CEO is worth 7,500 workers? Bullshit.