Tag Archives: Minimum Wage

That why Minimum Wage is a bad idea according to the economic analyst John Sneisen

Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about the recent “disaster” in Seattle as the minimum wage is hiked to $13/hr following its recent hike to $11/hr.
As Josh had predicted in 2014, the minimum wage hike would lead to vast unemployment, poverty and cause businesses to look elsewhere to set up shop.
Well, the truth always prevails eventually!

According to the study,
“The numbers of hours worked by low-wage workers fell by *3.5 million hours per quarter*. This was reflected both in thousands of job losses and reductions in hours worked by those who retained their jobs.”

“The losses were so dramatic that this increase “reduced income paid to low-wage employees of single-location Seattle businesses by roughly $120 million on an annual basis.” On average, low-wage workers *lost* $125 per month.”

It’s basic economics and market principles to understand the inflation of the price of living as the wage is raised, all while employment crashes in an attempt to save the markets from total destruction. Everything the government does, the free market does better!

People have to understand the difference between the amount of money they get and actual value as value goes down as the wage is forced up.

Who benefits? McDonalds, Burger King, Walmart, the companies these “Fight for 15” activists say can afford to pay them more. Of course they can afford to pay them more, but that’s not the point. The small businesses can’t. That’s why Walmart and McDonalds support the wage hike. It leads to further monopolization and less competition in the market.
This also leads to massive job automation and will lead to vast long-term poverty rates.

Time to grasp reality folks! Just because something “sounds” good doesn’t mean it is.

The minimum wage hike begets poverty and inflation. This isn’t rocket science.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Minimum Wage Increase Cost Americans 1.4 Million Jobs. Low Skilled Workers and Youths Hardest Hit

Infowars
11 December 2014

Resulted in loss of 1.4 million American jobs and hurt unskilled workers most

Hikes in the minimum wage have other effects besides just giving low-income workers a raise.

Important new research suggests that minimum wage increases in the late 2000s resulted in the loss of some 1.4 million American jobs and hurt unskilled workers most of all.

new study by researchers Jeffrey Clemens and Michael Wither from the University of California San Diego found that low-skilled workers were the most adversely affected by minimum wage increases, despite the fact that this was the group that such legislation sought to help. Continue reading Minimum Wage Increase Cost Americans 1.4 Million Jobs. Low Skilled Workers and Youths Hardest Hit

10 Reasons Why Minimum Wage Is A Bad Idea

Infowars
20 November 2014

1. Minimum wage jobs are a stepping stone to better job. They are not meant for person to live on or to support a family. Unless you have another         source of income or low expenses, such as parents, retirement, roommates, etc, you should not accept a low wage position permanently.

pic1 Continue reading 10 Reasons Why Minimum Wage Is A Bad Idea