In response, Missouri’s governor will allow a bill to pass that rolls back St. Louis’ minimum wage from $10 back to $7.70, the standard across the state.
“Our state needs more private sector paychecks and bigger private sector paychecks,” Greitens said in a statement. “Politicians in St. Louis passed a bill that fails on both counts: it will kill jobs, and despite what you hear from liberals, it will take money out of people's pockets.”
“This increase in the minimum wage might read pretty on paper, but it doesn't work in practice. Government imposes an arbitrary wage, and small businesses either have to cut people’s hours or let them go,” Greitens said.
"Liberals say these laws help people,” Greitens said in his statement. “They don't. They hurt them.”
Meanwhile in the People's Republic of San Francisco:
-RW
(Sources: NY Daily News, City of San Francisco)
Has a minimum wage law been rolled back before?
ReplyDeleteMan this is great to read.
ReplyDeleteI find this issue so frustrating because the people who most loudly proclaim their concern for the poor also tend to most aggressively advocate banning them from working via the minimum wage.
Whenever I've attempted to impress this upon people, they generally either act offended or just shut down. It's almost like it's more important to them to signal their compassion by advocating a socially popular policy than it is to even consider that the policy might be harmful.
I believe that Progessivism is mostly about virtue signaling. They generally don't care if their theories work, only that people know that they support these theories.
ReplyDeleteAmen brother! It isn't about actual data or proof, it is all about signaling that you are on the right side of history.
DeleteMany political issues today are pushed forward by people who think they are being compassionate, when they are merely being sentimental. Sentimentality is all (and only) about feelings, but ignores other aspects of reality. Compassion does not.
ReplyDeleteMore people with higher wages mean they meet the threshold to be taxed more, increasing revenues, giving politicians more of our money to spend which in turn greases the revolving private/public doors.
ReplyDeleteAlthough if the total wages paid by employers don't increase, but only the wages of those who have a higher discounted marginal revenue product than the new, higher minimum -- those who fall below this will be fired -- then even this objective wouldn't be achieved.
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