President Obama, on Wednesday, made a big speech about “economic inequality” and vowed to spend his last three years in office working to increase the federal minimum wage, as well as a lot of other things.
Just as an aside, every time I hear talk about increasing the minimum wage — there’s a strike on today at some fast food places to raise their wage to $15 an hour as well — I have a conversation something like this.
“I think increasing the minimum wage is a wonderful idea. In fact, let’s raise it to $100 an hour.”
“Oh, you’re being silly.”
“No, imagine. Raise minimum wage to $100 an hour. That way, everyone will be making $200,000 a year. We’ll all berich!
“Racist.”
Okay, I’ll grant that it usually takes two or three more exchanges before someone calls me racist, or a tea-bagger, or even aneconomic royalist if they’re of a classical turn of mind. The one thing I’ve never had anyone do is explain to me why if a $15 an hour minimum wage is a good idea, a $100 an hour minimum wage is a bad idea.
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This is the same bright government who allowed China,Japan and the rest of the world to dump cheap products here so our manufacturing jobs left.
ReplyDeleteFast Food workers = $15 an hour...then everybody else's wages should be raised proportionally, right? I sure as heck won't be able to afford eating at a fast food place if they have to pay their workers that much...
ReplyDeleteThe workers that get paid $15/hr won't be able to buy the product they're selling.....
ReplyDelete