About that minimum wage

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Another perfect example of liberals doing something that "sounds" good rather than doing something that "does" good.
From Centralia, WA's The Chronicle:

Study From UW Shows the $15 Minimum Wage Did Not Help Income Inequality
A recent study by the University of Washington has shown that Seattle’s $15 minimum wage “did little to offset widening inequality.” This conclusion matches the research done across the United States and work that the Washington Policy Center has done over the last decade on the effect of artificially high, government set, minimum wage policies.

Increasing the minimum wage, through government regulation, destroys jobs, reduces available work hours and causes inflation. Businesses will often relocate away from areas that have high minimum wages creating longer commutes for workers that chose to stay with the employer or elimination of the jobs completely.

Nowhere is the harm imposed by a high minimum wage demonstrated more clearly than in Seattle, where the city council has aggressively increased the minimum wage over the last few years. The rash of restaurant closures and lost jobs can be attributed, in many cases, directly to the additional fiscal cost the minimum wage increases have caused.

The best minimum wage is $0.00.  Employment is not a "right". If you want to be hired, you have to be able to provide a valuable service for your employer.  If you apply yourself and take on more and more responsibility, take classes and learn additional skills, you will have more value to your employer and you will be able to ask them for more money. If you are content to slide through life doing as little as possible, do not expect to make any appreciable money.

Forcing employers to pay inflated wages to their staff will cause the employers to raise the prices of the goods and services they sell.  This may cause them to lose business. They will then have to lay off their staff - starting with the less productive ones.  Those with the lowest value.  Asking for a higher minimum wage will guarantee that you will price yourself out of a job.

I have covered this problem in thinking before here:

Doing something that "sounds" good is a very liberal thing to do.  There is little or no thought put into the program, all that is needed is for it to sound good.  After the fact, there is no accountability. People do not do the basic research to see if this new program is actually doing what it intended to do.  More often than not, it is not addressing the problem and additionally, adding some new layer of confusion and harm.

The liberal reaction when this is brought to light is to expand the offending program.  They could not have made a mistake - after all, they are the brightest and the best.  It must be that the program was just not given enough money or resources. They need to take the failing program and make it bigger so that it can do even more fail.

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This page contains a single entry by DaveH published on December 14, 2021 6:35 PM.

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