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RE: The Dark Truth About the Minimum Wage

in #news7 years ago

The minimum wage is easy to sell to the uneducated.
(and in The USSA, that is everyone who hasn't studied Mises.
The do not teach financial literacy in The USSA for a reason)

From a personal point of view, all you need to do is earn more money.
And a minimum wage hike sounds like a great deal, an easy way for everyone to start making more money.

These people have never run a business.
If minimum wage went from $10 to $10.25
a business owner would need to immediately fire 1 person of ever 40 people.
And the person he may fire, may be himself.

You cannot just raise your prices and expect more income.
Raising prices usually ends up with a dip in revenue before it slowly starts coming back. So you have to do something to cut costs, NOW.

Minimum wage is some of the most evil propaganda ever devised.

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