Democrats in the House successfully passed a bill that would force 1 to 3 million people to lose their jobs because liberals can’t do math.
Even by their own estimates, up to 3.7 million people would lose their jobs.
Here is what a $15 minimum wage means: According to CBO, up to 3.7 million jobs lost.— Dan Crenshaw (@DanCrenshawTX) July 18, 2019
So while some workers will get a small increase in pay, up to 3.7 million will get a 100% decrease in pay.
This is poorly devised one-size-fits-all policy that costs people 100% of their job.
Look, this isn’t tough. Labor has a value. It is not artificial. If an employer can make a profit off of your labor, you get a job. If the government artificially forces the employer to pay you more than you’re worth, then he fires you. It’s that easy.
Thankfully, the Republicans will slap down this democratic idiocy in the Senate:
Research shows that hiking the minimum wage to $15 would kill jobs and depress the economy at a time when it’s thriving for the American people. We are not going to be taking that up in the Senate. pic.twitter.com/SiyXGBDKkr— Leader McConnell (@LeaderMcConnell) July 18, 2019
There are all sorts of studies on the effect of raising minimum wage, but there’s no one better to read on this than Thomas Sowell, who goes through the history of minimum wage and shows how it was first used in order to keep blacks in poverty. Amazing isn’t it?
Here’s a video of the audio reading from his book where he explains why minimum wage actually makes the worker more miserable: