Tuesday, August 4, 2015

Minimum Wage: In the end, economics always wins out over emotion and stupidity

Now that several states and businesses have ceded to the masses and are beginning to institute large hikes in the minimum wage, the reality of economics and human greed is setting in almost immediately.  For years, Democrats, liberals, and and progressives have sought to raise the minimum wage for the unskilled worker as a means of appeasing their voter base, yet this argument has missed the point entirely since the problem has never been about wages, but about the devaluation of the currency.  And with the success of the activist led minimum wage movement having finally resulted in hikes of as high as $15 per hour, the consequences of not seeing the entire picture is leading many to abandon their newly acquired increases for a whole host of reasons that include: losing welfare benefits, envy by those with more education, skill levels, and achievements, and the newest reason… replacement by machines.

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