Great video. It was Thomas Sowell who said, "The real minimum wage is always zero, regardless of the laws" I would add that the minimum wage also pushes employers to turn to automation in order to cut costs, which causes even more unemployment. The minimum wage is bad economics
-
-
-
Very true - great point. You can see it already. When I was a kid, if we went to McDonald's, there were 7 or 8 registers with cashiers. Now? 1 register and 4 self-ordering kiosks. Companies see the writing on the wall and are investing in automation.
- 2 more replies
New conversation -
-
-
Liberals seem to think they want a $15 minimum wage as “livable” - so, why not a $50/hour minimum wage? Then life would be even better. Hey, why not a $100/hour minimum wage? Assuming a 40-hour work week, that’s over $200k per year minimum for all workers! What could go wrong?pic.twitter.com/cKsbc974eO
-
Pretty simple, they don’t want a $20 burger at McD
End of conversation
New conversation -
-
-
Not trying to be a smartass, but technically speaking any minimum wage is perfect, as long as it is equal or less than the lowest free market wage.
- 2 more replies
New conversation -
-
-
Please give me one example of price-fixing working... I'll wait
-
Bread
End of conversation
New conversation -
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Keep the government out, let the market decide.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.