The idiots on the left use the excuse that minimum wage hasn’t scaled with the inflation on other necessities - mainly property/rent, medical expenses, tuition, etc.
What they fail to realize is
Raising the minimum wage won’t fix that problem. It’ll cause those other industries to further increase costs in order to maintain profits while their cost of business increases (further inflation)
Most areas where those necessities went up to ridiculously in price were because either the government intervened in the market, insurance went bonkers, or banks were being irresponsible.
Insurance costs have gone through the roof across the board after decades of everyone suing everyone for anything (coffee’s too hot, etc), or because they knew the government would back their fuck-ups (health insurance). Banks were irresponsible with loans for the same reason, knowing the government would bail them out.
Importing countless illegals (and legals) is a strain on our resources. While extensive, jobs and housing are finite. It’s basic supply and demand. As we flood the country with workers who can’t speak our language or have no marketable skills, we’re over saturating the low-end of the job market. As we allow more skilled workers into the country, we’re doing the same, forcing many educated citizens to settle for jobs outside their field or below their pay grade. It also doesn’t help that we have no real cap on how many useless majors can graduate in a year, which is no fault of higher education or government - too many young people are wasting time and money getting useless degrees, then pitching a fit they are working at a Starbucks after college.
Insider trading in congress encourages laws to pass that maximize shareholder profits. A corporation’s largest expense is payroll. If laws can pass that allow that expense to be cut (tariffs to reduce overhead of producing overseas, for instance), we’re going to hemorrhage jobs across the country. We’ve witnessed it for decades.
I could go on, but the point is that these issues are so complex and multifaceted. Many issues stem back to the government, so it’s ironic these folks want MORE government in the equation. No logic whatsoever.
The idiots on the left use the excuse that minimum wage hasn’t scaled with the inflation on other necessities - mainly property/rent, medical expenses, tuition, etc.
What they fail to realize is
Raising the minimum wage won’t fix that problem. It’ll cause those other industries to further increase costs in order to maintain profits while their cost of business increases (further inflation)
Most areas where those necessities went up to ridiculously in price were because either the government intervened in the market, insurance went bonkers, or banks were being irresponsible.
Insurance costs have gone through the roof across the board after decades of everyone suing everyone for anything (coffee’s too hot, etc), or because they knew the government would back their fuck-ups (health insurance). Banks were irresponsible with loans for the same reason, knowing the government would bail them out.
Importing countless illegals (and legals) is a strain on our resources. While extensive, jobs and housing are finite. It’s basic supply and demand. As we flood the country with workers who can’t speak our language or have no marketable skills, we’re over saturating the low-end of the job market. As we allow more skilled workers into the country, we’re doing the same, forcing many educated citizens to settle for jobs outside their field or below their pay grade. It also doesn’t help that we have no real cap on how many useless majors can graduate in a year, which is no fault of higher education or government - too many young people are wasting time and money getting useless degrees, then pitching a fit they are working at a Starbucks after college.
Insider trading in congress encourages laws to pass that maximize shareholder profits. A corporation’s largest expense is payroll. If laws can pass that allow that expense to be cut (tariffs to reduce overhead of producing overseas, for instance), we’re going to hemorrhage jobs across the country. We’ve witnessed it for decades.
I could go on, but the point is that these issues are so complex and multifaceted. Many issues stem back to the government, so it’s ironic these folks want MORE government in the equation. No logic whatsoever.
THIS, EXACTLY! I can't believe nobody else has upvoted this response yet, this should have 100000 upvotes!