Boots & Sabers

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Owen

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1518, 08 Feb 21

Small Businesses React to $15 Minimum Wage

Interesting stuff. Arbitrary wage floors tend to punish small businesses much more than large ones.

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1518, 08 February 2021

2 Comments

  1. MaxwellsEQs

    A $15 minimum wage is too little to late.

    Combined with the enormous debt and handing people money, I think massive inflation is all but inevitable.

    A better solution would be to repeal Taft-Hartley and increase taxes on the rich (income and wealth).

    The problem is the rich have captured the politicians and with the demise of the unions there is no counter force to balance the greed of the few.

    The Biden,(Goldman Sach’s) plan is to keep shoveling out money to keep the economy afloat until post COVID happens and then have the middle and upper middle class spend the next century paying off the debt.

    I seems unlikely to work.

  2. Mar

    Maxwell, I agree with a few things but mostly disagree.
    I agree that massive inflation is coming. And that the rich have captured most politicians.
    But I disagree with the unions. Unions then and mostly now are just as corrupt as an organizations in the US. They don’t help workers now. In the past, perhaps, but not now.
    As far as Taft-Hartley, strikes that harm the public should be illegal. And strikes do happen. Finally, Taft-Hartley really doesn’t do anything for social media companies, hedge fund companies and other that really control power these days.

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