Author Topic: The Joe Biden Thread  (Read 6720 times)

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Offline Black Dog

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Re: The Joe Biden Thread
« Reply #750 on: March 08, 2021, 01:18:55 pm »
Exactly.  Do-gooders who don't even read one economics paper on the subject think by simply raising the minimum wage substantially there won't be other effects on the economy or on people making minimum wage.  As if things happen in a bubble.  It's like when conservatives invaded Iraq to remove Saddam and didn't understand the power vacuum it would cause.

It would be very nice if people making minimum wage could simply get a raise to $15 but economics isn't that simple.  More jobs will be shifted overseas, more jobs will be automated etc.

lol you mean the same thing that's happening now with a $7.25 minimum wage?