ANY ECONOMIST WORTH THEIR SALT UNDERSTANDS WHAT SUPPLY AND DEMAND MEANS. MORE MINIMUM WAGE JOBS THAN MINIMUM WAGE WORKERS MEANS THAT EMPLOYERS ARE RAISING WAGES TO COMPETE FOR WORKERS. FEWER MINIMUM WAGE JOBS AND MORE MINIMUM WAGE WORKERS MEANS WAGES ARE STUCK AT THE MINIMUM WAGE RATE.
AS ECONOMIST JOSEPH STIGLITZ SAID RECENLTY THE MINIMUM WAGE HASN’T CHANGED EFFECTIVELY FOR 65 YEARS. BUT OF COURSE WHAT HAS CHANGED IS THE CONCENTRATION OF WEALTH AS HIGH PAYING JOBS MOVED TO CHINA WHILE AT THE SAME TIME MILLIONS OF ILLEGAL IMMIGRANTS HAVE FLOODED THE COUNTRY BOTH OF WHICH MEANS A HIGHER SUPPLY OF LOWER WAGE EARNERS. IF YOU LEGALIZE THESE FOLKS AS BIDEN WISHES TO DO YOU REPRESS WAGES UNLESS YOU IMPOSE A 15 DOLLAR AN HOUR MINIMUM WAGE RATE. FOR BIDEN AND THE DEMOCRATS THIS IS A WIN/WIN AS THEY GET BOTH THE VAST MAJORITY OF VOTES FROM THESE NEW AMERICAN MINIMUM WAGE VOTERS.
AND THAT IS ALL I’M GOING TO SAY ABOUT THAT!
Drain the Cesspool 