How The Minimum Wage Is KILLING Jobs
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Minimum wage malarkey. yeah, people love talking about the minimum wage like it’s some sort of magic Elixir the left loves to bring it up all the time. I’ve written countless Columns about it. I remember one going back I was like 2007 2008 Nancy Pelosi jumping up and down about raising the minimum wage Actually in her bill that she put forward. She actually wrote in an exemption for the island nation of Samoa
because as it turns out she had a major investment in the Starkist cannery that was there and didn’t want the workers at the cannery actually getting the minimum wage that she was proposing. Anyway, neither here nor there. Minimum wage is ridiculous construct. Businesses will pay people what they’re worth. Businesses will fight for great
employees that do a great job and will spend a great deal of money to keep them. That’s just the reality. I am a business owner. Are there some bad business owners out there? Yeah, but then you know what takes care of them? The free market, creative destruction. You’ll go out of business. It’s just the way it is. State of California, supersized its minimum wage to $20 an hour for employees in
fast food restaurants. They’ve lost 18,000 jobs in that industry over that period of time. And again, you’ll hear people on the left say, why it’s just a minimum wage job. It’s a big deal, a minimum wage job. And then they’ll start talking about the living wage. Let me tell you little something about minimum wage jobs.
jobs in fast food restaurants. And again, I’m dating myself, maybe I’m getting a little nostalgia for the good old days. What was it from Fast Times at Ridgemont High? What was the great American burger there? It was the place where Spicoli came in with no shirt, no shirt, no shoes, no toys. Anyway, I held many minimum wage.
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jobs. Coming home from Christmas break from college, go get a job at the mall. Mall was busy over Christmas. All minimum wage jobs. Those are jobs to make an extra buck and also to learn. To learn. So then you eventually move up the ladder in a great scene coming to America there with Louie Anderson there. Hi!
Hi, I was like you guys, I was mopping floors. Now I’m on lettuce. Next year I make fries and I make assistant manager. And that’s when the big bucks start rolling in. Again, obviously film 1980s novel concept. Well, what’s going to happen is you’re going to see raise wages to a certain point in time. You’re going to see more automation. You’re going to see more automation and you’ll see these jobs go away. And quite frankly, it’s a shame.
Shame because every job is a good job if you’re learning something and you’re learning some sort of skill, whether it be responsibility, showing up on time, seeing how a business is run. The countless jobs that I’ve held over my entire life, quite frankly, better than college classes, to be quite honest with you. You take that minimum wage job when you’re younger and you look at it as a tool to further your career. You’ve got my friend, the right
Mindset. The whole concept of minimum wage is absolute malarkey. Watchdog on wallstreet.com.
