If you think this stupid minimum wage stuff through, it's pretty depressing and scary. We all know that the basic tenet of the $15 proponents is: you have something, so give it to me. But underneath that tenet is a complete dismissal of economics: rather than optimize a mix of capital and labor, rather than employ a level of labor that provides a rate of return on capital that sustains a business, liberals subscribe to a new theory: if there is $15 in a business bank account, at least that amount is owed to a worker for an hour's work.
What's that, you say? A small business that employs 10 laborers earned a $30,000 profit last year? Then that small business should have had 11 laborers, cut and dried. See where this is headed? If you own a business, and there is a $15 minimum wage (which is really at least $25, all-in), the day will come when the IRS can penalize you for not employing enough people to sop up your profits. You will be allowed to take a wage for yourself, of course, but that will be regulated by the G as well.
That is where this $15/hr nonsense will eventually land.
Barack I stated it succinctly: "You didn't create that business." IOW, "You stole that success from your employees, and the government is going to make you for it!"
What these
$15 minimum wage morons seem not to realize is that
everything will be come more costly. All wages will go up in response, as will prices for goods and service. IOW, minimum wage workers will be no better off than they were,
if they're lucky!
