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Of course Hondo loved the minimum wage
MikeDamone
Member Posts: 37,781
He’s a racist who wants to make it illegal for people to work.
“We regard the minimum wage rate as one of the most, if not the most, antiblack laws on the statute books. The government first provides schools in which many young people, disproportionately black, are educated so poorly that they do not have the skills that would enable them to get good wages. It then penalizes them a second time by preventing them from offering to work for low wages as a means of inducing employers to give them on-the-job training. All this is in the name of helping the poor.”
― Milton Friedman, Free to Choose: A Personal Statement
“We regard the minimum wage rate as one of the most, if not the most, antiblack laws on the statute books. The government first provides schools in which many young people, disproportionately black, are educated so poorly that they do not have the skills that would enable them to get good wages. It then penalizes them a second time by preventing them from offering to work for low wages as a means of inducing employers to give them on-the-job training. All this is in the name of helping the poor.”
― Milton Friedman, Free to Choose: A Personal Statement
Comments
He won’t read it. https://www.forbes.com/sites/carriesheffield/2014/04/29/on-the-historically-racist-motivations-behind-minimum-wage/
“Never play chess with a pigeon.
The pigeon just knocks all the pieces over.
Then shits all over the board.
Then struts around like it won.”
https://www.businessforafairminimumwage.org/news/00135/research-shows-minimum-wage-increases-do-not-cause-job-loss
I know what the cbo predicts Mike. You also said the same when Seattle went to $15 an hour minimum wage. And you can post that UW study again too....Or post the one restaurant you found in Seattle that says they closed because the minimum wage.... But then look at reality.... And history suggests you are wrong.
96/97 minimum wage increased. What happened to employment levels?
2007 minimum wage increased. Of course employment cratered after that, unrelated.
But July 09 was the last time it was increased. And shockingly employment went up after that.
Minimum Wage increases are a "response" to market conditions, which ipso facto trail the market, you moron, designed to help people keep up and not fall behind the rising costs of living caused by a healthy growing economy. If they are mis-timed, or done for political versus economic reasons, they can act as a brake on economic growth.
Yet here is HondoTheIdiot claiming they boost the economy or cause economic growth.
All of which begs the obvious question: Why didn't Hondo's parents kill him at birth?
Businesses already were flush with cash, giving them a tax cut won't help with investment. And do you think Bill Gates even noticed his tax cut? Meanwhile you saved $150 a year. Which I'm sure your bartender was grateful for.