Good thread. A $15 minimum wage will cause the already high unemployment rate to explode. Moreover, this unemployment increase will be concentrated among the sector of the population that is already ill-suited to learning new skills, basically creating an economic dalit class.
https://twitter.com/Locksneedfartin/status/1350835312499568644
I used to work with unemployed factory workers in their fifties and sixties. Factory packed up and moved to Mexico and China, taking their jobs and pensions. The Labor Department tried to "retrain" them by running workshops on how to use email and MS Word to create resumes.
These are people who oftentimes don't even have a high school diploma and worked at the same factory their entire lives. Many don't own computers. And the glorious jobs they were being "retrained" for? Walmart. A $15 minimum wage would absolutely kill even that.
I support a $20 minimum wage, but it would only work with a total end to immigration and severe penalties for businesses caught employing illegals. Raising the minimum wage AND expanding the labor pool just leads to automation and fentanyl.
Someone suggested to me a few days ago that the labor redundancy you see in places like Mexico and the Philippines is an attempt to prevent this situation. Employing poor people to sweep up trash or move baggage around the airport keeps them from becoming radicalized.
America's elite doesn't think in terms of labor redundancy. They want to eliminate labor altogether, either consciously (automation) or unconsciously (pricing unskilled labor out with minimum wage hikes and unrestricted immigration). This is a recipe for total social collapse.
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