Are Proponents of $15 Min Wage Naive or Intentional Liars?

Weatherman2020

Diamond Member
Joined
Mar 3, 2013
Messages
66,291
Reaction score
26,913
Points
2,290
Location
Left Coast, Classified
Are proponents of $15/hr minimum wage really that naive?

Whenever it comes to raising the minimum wage to $15 or $20 or more, I ask such proponents, “Would you be in favor of raising it to $100 or $1,000 per hour?” I usually get a confused look, as if I’m asking a trick question. For they are confronted with an economics question that goes beyond the parroting they’ve been programmed to carry out.

It’s not by random chance that rents in San Francisco are so high. It’s because the collective wages across the SF Bay Area are high. Landlords know this, so the invisible hand of free markets has driven rents up to these levels.

When the minimum wage is artificially raised by government policy then everything else will go up too, including other people’s wages, the cost of goods & services, rents, home prices, virtually everything. This is a fact that politicians either don’t understand or refuse to explain to citizens.

But in the end, the rich get richer and the poor get poorer.

Just remember this: AOC is the leading cheerleader for higher and higher minimum wage.

 

AFrench2

Diamond Member
Joined
Feb 7, 2021
Messages
3,126
Reaction score
2,366
Points
1,893
Location
Fort Worth, TX
But in the end, the rich get richer-Weatherman2020

In the month I've been on these forums and seen your bellyaching, this is the one true thing I've seen you say. Kudos.
 

AzogtheDefiler

The Pale Orc
Gold Supporting Member
Joined
Aug 4, 2018
Messages
39,439
Reaction score
13,571
Points
1,560
Location
Boston, MA
Are proponents of $15/hr minimum wage really that naive?

Whenever it comes to raising the minimum wage to $15 or $20 or more, I ask such proponents, “Would you be in favor of raising it to $100 or $1,000 per hour?” I usually get a confused look, as if I’m asking a trick question. For they are confronted with an economics question that goes beyond the parroting they’ve been programmed to carry out.

It’s not by random chance that rents in San Francisco are so high. It’s because the collective wages across the SF Bay Area are high. Landlords know this, so the invisible hand of free markets has driven rents up to these levels.

When the minimum wage is artificially raised by government policy then everything else will go up too, including other people’s wages, the cost of goods & services, rents, home prices, virtually everything. This is a fact that politicians either don’t understand or refuse to explain to citizens.

But in the end, the rich get richer and the poor get poorer.

Just remember this: AOC is the leading cheerleader for higher and higher minimum wage.

Increasing the min wage will just kill jobs vs. create them.
 

Toddsterpatriot

Diamond Member
Joined
May 3, 2011
Messages
65,329
Reaction score
13,388
Points
2,180
Location
Chicago

pknopp

Gold Member
Joined
Jul 22, 2019
Messages
28,740
Reaction score
7,238
Points
215

Utilitarian

co-Cain Manager
Joined
Oct 17, 2011
Messages
1,060
Reaction score
475
Points
198
Location
NC
Inflation will kill the Middle Class. Democrats want the Middle Class dead and gone and will do everything to enable inflation that they can.
I think that's Wall Street in general. Dems are currently the preferred Wall Street party, but the GOP has plenty of its enablers as well.
 

Pogo

Diamond Member
Joined
Dec 7, 2012
Messages
123,496
Reaction score
22,516
Points
2,190
Location
Fennario
Are proponents of $15/hr minimum wage really that naive?

Whenever it comes to raising the minimum wage to $15 or $20 or more, I ask such proponents, “Would you be in favor of raising it to $100 or $1,000 per hour?” I usually get a confused look, as if I’m asking a trick question. For they are confronted with an economics question that goes beyond the parroting they’ve been programmed to carry out.

It’s not by random chance that rents in San Francisco are so high. It’s because the collective wages across the SF Bay Area are high. Landlords know this, so the invisible hand of free markets has driven rents up to these levels.

When the minimum wage is artificially raised by government policy then everything else will go up too, including other people’s wages, the cost of goods & services, rents, home prices, virtually everything. This is a fact that politicians either don’t understand or refuse to explain to citizens.

But in the end, the rich get richer and the poor get poorer.

Just remember this: AOC is the leading cheerleader for higher and higher minimum wage.

How long has it been since you would willingly take a job for $7.25 an hour because it was worth your time?
 

Lastamender

Platinum Member
Joined
Dec 28, 2011
Messages
10,978
Reaction score
6,046
Points
1,050
Inflation will kill the Middle Class. Democrats want the Middle Class dead and gone and will do everything to enable inflation that they can.
I think that's Wall Street in general. Dems are currently the preferred Wall Street party, but the GOP has plenty of its enablers as well.
No doubt about it. American citizens are the last on the list of corrupt career politicians. Just like the one illegally occupying the WH.
 

Lastamender

Platinum Member
Joined
Dec 28, 2011
Messages
10,978
Reaction score
6,046
Points
1,050
Are proponents of $15/hr minimum wage really that naive?

Whenever it comes to raising the minimum wage to $15 or $20 or more, I ask such proponents, “Would you be in favor of raising it to $100 or $1,000 per hour?” I usually get a confused look, as if I’m asking a trick question. For they are confronted with an economics question that goes beyond the parroting they’ve been programmed to carry out.

It’s not by random chance that rents in San Francisco are so high. It’s because the collective wages across the SF Bay Area are high. Landlords know this, so the invisible hand of free markets has driven rents up to these levels.

When the minimum wage is artificially raised by government policy then everything else will go up too, including other people’s wages, the cost of goods & services, rents, home prices, virtually everything. This is a fact that politicians either don’t understand or refuse to explain to citizens.

But in the end, the rich get richer and the poor get poorer.

Just remember this: AOC is the leading cheerleader for higher and higher minimum wage.

How long has it been since you would willingly take a job for $7.25 an hour because it was worth your time?
12 years.
 

Most reactions - Past 7 days

Forum List

Top