Keeping Pot Illegal: the best way to keep money out of the hands of dealers.
Calling Fox News news: The New Standard of Intelligence Testing.
Actually, I heard there might be a more dedicated anchor coming to Fox. One with two feet into reality instead of sitting in the backroom making stuff up.
Any economics student can tell you that raising minimum wage increases unemployment while decreasing opportunity for entry level workers to gain experience to move up. When politicians get their kicks and campaign slogans off of unnatural, politically motivated wage hikes, bringing them back down to reality IS good for you and the rest of us who prefer economic security.
It’s stupid because it’s making it sound like it’s doing the individual a favour. Lowering minimum wage is primarily good for small businesses; the transfer to workers themselves is LAUGHABLE. Yes, they have a job, but I’m sure that’s going to be a lot of solace when they’re not going to be able to afford rent or food with that job. What’s the point in having a job that doesn’t pay you enough to live? Minimum wage in a lot of countries doesn’t get you above the poverty line. Minimum wage in North America isn’t some enormous burden for most employers. If they can’t afford to pay a worker $7 (or a whollle $5 in Georgia) an hour, the minimum wage is the least of their issues. And hearing that shit out of Fox News is LAUGHABLE. They put that “news” piece on in between giving corporate America blowjobs.
Idiots, the guy has a legitimate point. Economists do studies on this thesis all the time. Nobel Peace prizes have been given out to economists who believed this. Minimum wage rates should never have gotten this high in the first place. A) About 80% of those who earn minimum wage are teenagers or adult children living with their parents, adults living alone, or dual earners in a married couple. B) What happens when a company is forced to pay their lowest earners more? If they’re operating on a strict budget, they let people go (or decrease their hiring rate) and make fewer employees do more… or they cut benefits.
Fox worded it very poorly but raising the minimum wage does phase out jobs and as a result arguably increases unemployment. I guess an example would be the increasingly viable cost-benefit of replacing relatively highly paid “unskilled” workers with machines. So I guess they should have said better for unemployed workers