Originally Posted by notmyrealname4 View Post
This post made me think about the rise in the minimum wage.
Which, I am/was for; BUT, in my state, a few years ago, the minimum wage went up. YAY, lower income workers should have an easier time supporting themselves on a higher paycheck.
However, there seems to have been a commensurate increase in prices. A package of English muffins is now $4.79. A couple of years ago it was around $3.50. I know this because we buy them every. single. week.
Rents have gone up too.
And it all seemed to go hand in hand with the minimum wage going up.
I know, I know....there could be other reasons. But it is a very strange coincidence.
I'm thinking though that the anti-raise-the-minimum-wage folks have a point.
I'll let you in on a secret that just about every business person knows: when businesses have to deal with higher costs, they always, always, pass that on to the consumers. Always. Whether you run a lemonade stand or a multi-national corporation, that same truth applies.
Example #1: Obamacare forced companies to insure their employees. This meant thousands if not millions in government mandated healthcare coverage, so what did those affected businesses do? They slashed the hours of their workers, from full time to part time, or they laid them off outright. Those part-time workers then had to get a second part-time job, and the Obama administration interpreted that to mean that more jobs were being created and promptly took credit for "a growing economy". The supporters of Obamacare thought that it was a good idea to use the heavy hand of the law to force government mandated healthcare on everyone or fine them, but they didn't see that their jobs could be lost because of it. The healthcare insurance companies then promptly cancelled tens of millions of affordable pre-Obamacare plans and forced their customers to spend drastically more to get a nearly identical plan, but this new plan was magically in compliance with the new government mandated healthcare law. Higher premiums and deductibles for inferior healthcare coverage. Good intention, meet bad consequences.
Example #2: Fight For 15. People across the nation believe they have a RIGHT to earn a livable wage, so they came up with $15/hr. Why not $25/hr, I have no idea. How did businesses respond? They laid off their workers, raised the prices of their goods and services, or they close up shop. McDonald's has started using Kiosks to automate food orders, and like many futuristic movies, machines will fill more of the jobs that humans currently do. That means more layoffs. That hurts the local economy and the pain is distributed like wild fire.
It really doesn't take a rocket scientist to see this coming from a mile away. That old saying is true: the road to hell is paved with good intentions. Social justice will end up hurting this country way more than it will help.