Josh Sigurdson talks with author and economic analyst John Sneisen about the inherent flaws in a $15 and hour minimum wage hike. Not only are there flaws but in general, it’s a scam! In this video we explain why.
The Canadian province of Ontario plans to raise the minimum wage to $15/hr by 2019 following Alberta’s decision to raise it by 2018.
When you raise the minimum wage to $15/hr you cause the price of living to go up making 15 the new equivalent in value to 10. So value doesn’t change. In fact inflation is the biggest problem those in poverty face thanks to out of control central planning and manipulation of both the monetary system and the markets.
But this isn’t the only inherent problem. So many calling for a wage hike are using McDonalds as an example. They say “McDonalds can afford to pay $15/hr!”.
Well of course they can! That’s the issue though. Raising the wage will cause smaller businesses and competitors to either lay off employees or close their doors. This causes competition to go under, further monopolizing businesses like McDonalds! And as for McDonalds, they can also afford technocracy as they can just put machines in charge of orders leading to vast unemployment!
The more regulations, the more taxation, the more monetary manipulation, the more poverty! This isn’t rocket science! Everything the government does, the free market can do better!
There’s a reason why all of these MASSIVE corporations are lobbying for the minimum wage hike! This benefits them while drastically hurting those forced into the bread lines.
The most basic economic and market principles debunk the notion of this further monopolization and inflation. You take money away from the employer and you’re taking money away from the employee. This is extortion and this is part of a massive debt servitude agenda which is playing out in both the markets and monetary system. It’s time people finally understand this obvious fact.
Stay tuned for more on this subject!