Alexandria Ocasio-Cortez is Wrong About the Minimum Wage

all labor has dignity and the way that we give labour dignity is by paying people the respect and the value that they progressive politicians love to talk about raising the minimum wage that makes them sound caring compassionate concerned they're on the side of the worker standing against the greedy employer the current calls for a national $15 an hour minimum wage more than double the current federal rate of $7.25 the left casts the minimum wage debate as a war between employee and employer but most business owners pay their workers as much as they can finding and keeping good people is the hardest part of any employers job if we adopt the national minimum wage of $15 here's what will happen a lot of people will lose their jobs or have their hours reduced according to a 2014 Congressional Budget Office study just a $10 minimum wage would cost half a million jobs as businesses terminate employees obviously far more jobs would be lost at $15 an hour to survive employers would have to reduce hours even for workers who managed to keep their jobs that's a pay cut it's good for business everywhere it's good for small business it's good for workers the only thing it's not good for is the major chain corporations that depend on the exploitation businesses will close and the jobs they created will disappear a recent report from researchers at the Harvard Business School found that each $1 increase in the minimum wage results in a four to ten percent increase in the likelihood of restaurants closing an over $7 an hour increase to $15 would be devastating not only for restaurants but for small businesses and their employees small business good for workers fewer people will open businesses $15 an hour is a very steep hill to climb would-be entrepreneurs will do the math on labor costs and realize it's just not worth the risk this is a real cost of the economy that we can't measure a company that never exists never employs anyone for all of these workers for realizing that everybody here deserves dignity and everyone here deserves a beautiful life and the ability to raise your family if a $15 minimum wage doesn't help workers and doesn't help employers who exactly does it help well maybe just the progressive politicians who managed to mislead voters into believing that it's the right thing to do sounding caring compassionate and concerned is all well and good but having a job is better i Mandy poster for Prager University