minimum wage Archives - Politically Incorrect Humor

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Ministry of Truth Update

So, now the Big Tech fascists have decided they will censor anyone who tries to post about possible cheating. Wonder why that is? 🤔

Random Thoughts of the Day

One of the many stupid & illogical statements Joe Biden made during the debates is the one where he emphatically said, “There is absolutely no evidence that a minimum wage increase costs jobs!” Never mind the fact you can find about 10,000 studies on Google detailing how & why minimum wage increases cost jobs. It’s a core concept of economics — basic supply & demand. The higher the average cost of labor, the less demand for it you’re going to get. Certainly, there are pros & cons of a minimum wage, but to say it doesn’t affect management decisions on hiring is absolutely ludicrous. Naturally, the statement has gone completely unchallenged by our lapdog media. Forget evidence though. Use your common sense. If the cost to hire someone goes from $10/hr to $15/hr, do you think Walmart & McDonald’s are more or less likely to do additional hiring? How about if it’s $20/hr, $30/hr? Whatever the right dollar figure, eventually management will decide to try to get by on fewer people, replace workers with automation, outsource work to foreigners, stay open fewer hours, and so on. This doesn’t even take into account other disadvantages such as businesses raising prices to cover the labor cost increase. Wouldn’t it be nice if we could use logical pros/cons analysis of issues instead of just relying on emotion and wild, unchallenged hyperbole? Liberals like to throw around the science-denier term all the time. How about we start using the economics-denier label?