Thursday, January 22, 2015
Tom McClintock's "Logic"
So politician McClintock is saying that for the cost of $3 more per hour per minimum wage worker, all kinds of jobs will simply disappear? Most places of employment have many other jobs which pay more, and a great deal of cash goes into increasing the owners equity, and McClintock things all these enterprises will just shut altogether down? I highly doubt that. Most owners will cut the salaries to others, and as a last resort will decrease the rate of increase in their own equity, rather than throw the entire enterprise away.
Very few minimum wage workers are in their first years of employment.