According to an article on the website Common Dreams, leftists are lamenting the fact that the federal minimum wage has not been raised since 2009. They are saying that the current $7.25 federal minimum wage is an “abomination.” They want it raised to at least $15 an hour and, preferably, higher.
It is amazing to me that this subject even still has to be debated. What is it that causes such a big mental block among leftists to sound economic reasoning?
If all that governments have to do to raise people’s standard of living is raise the government-mandated minimum wage, then why are North Korea, Cuba, and Venezuela still so poor? After all, according to leftists, all they have to do to raise their people out of poverty is raise the minimum wage. Why haven’t the dictators of those countries figured that out? Maybe leftists haven’t gotten the word to them.
And here is another question for leftists: Why do they settle for $15 an hour or even $20 an hour? Why not raise the minimum wage to $100 an hour? Or even $1,000 an hour? Are they afraid of turning poor people into millionaires?
One more question for leftists: Why do many employers pay more than the government-mandated minimum wage of $7.25?
I’ve got a better idea than raising the minimum wage. I say: Let’s abolish it instead.
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