Why $15 an hour minimum wage SUCKS

[Brian37]

Bob was an economic liberal, he hated it when Australia's government moved to austerity policies, just like liberals here hate Reagan's failed trickle down economics. Even with some of Australia's moves to austerity, Bob constantly agreed that even with some of those measures their system was still better than ours, and I agree, even his conservative sister agreed. 

Australia has better wages and a better health care system, and I don't remember talking to one person while there who thought America's policies were better.

Ah, those two hallmarks of Republican "economics"; trickle down and "socialized health care".  Both have been thoroughly discredited, as you likely know.  Republicans even hired a health insurance guy in the 90's to spread outright lies and misinformation about Canada's healthcare system to stoke fear among American conservatives.  Guess what, it worked beautifully.  Americans were once in favor of a system similar to that of Canada and the UK.  But not any more.

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You use your own smoke and mirrors or you rent?


Fact - CURRENT Federal minimum wage is $7.25 an hour.  That is what a minimum wage worker will be paid per hour. $7.25 an hour. He isn't paid in 2009 dollars adjusted. He isn't paid in Krona, rubles or fucking gold galleons like Harry fucking Potter.

$7.25.

Got that?

$15 is actually MORE than double.

I wasn't going to quibble over piddling change.


So don't go blowing smoke up anybody's ass about what double IS.

It's a doubling in the number value but not real purchasing power.  This is a very important distinction when talking about money.  but what difference would it make if it really was a doubling in actual purchasing power?  That would be about $18 in today's money.  You just seem hung up on the fact that it is a large jump from $7.25 to $15, which is based on what?  What information tells you that this jump is so large that it will be damaging to the economy?  Is it just your intuition?  Have you been reading some economics books?  I'm no economist but I do spend some time reading and listening to actual economists discuss these things so I feel like I have some level of understanding of the issues.  I don't base any of my conclusions on my own intuition.  In fact I think very few people really understand the complexities of economics on their own without some formal training.  The more you (clearly not an economics professional) bellow with confidence, the less you likely know and certainly the less convincing you are to others who consider the issues by consuming data and various professional opinions.

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This post gave me cancer.

It's quite riddled with nonsense.  Sounds a bit like Mike Lindell going off about how Trump is the savior of the US.

No shit. If Trump had been President in the 80s he would have had Earl Scheib as a supporter, " I'll fleece any supporter of $29.95"