Raise The Minimum Wage…Not!


Raise The  Minimum Wage…Not!

Well, it sounds good. But it will simply mean that the employer will hand the extra costs of the mandated raises to workers over to the customers…who will not pay it.

So, what is the solutions? Lay-of a significant proportion of the work force in order to keep costs lower to the business and to the customer. When we raise the minimum wage, people loose jobs as a result. This is high school economics.

If you think that the customer is willing to assume the increases in price to fund a hike in the minimum wage….Think Again.

Enjoy the following hilarious illustration of what happens when the personal consequences of mandated wage-hikes hit well-intentioned, but profoundly uninformed, consumers.

http://www.theblaze.com/stories/2013/12/19/noted-investor-asked-people-if-walmart-employees-are-underpaid-what-happens-after-they-say-yes-is-hilarious/

VTM, 12/20/13

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