Leftist millionaires show a total inability to think beyond nursery level
Below is a media release from a group calling itself the Patriotic Millionaires. It's typical leftist abuse of language. They are just rich leftists who want to sound good
They write under the heading "Patriotic Millionaires on the $15 Minimum Wage in IL: “Our State Will Thrive” but make the simplest assumptions about what will happen. They just seem to expect that all low income earners will suddenly get more money.
That many of the poor will lose their jobs and get zero dollars as employers transfer their activities to other jurisdictions does not seem to have entered their baby minds. That others will lose their jobs as employers automate more also does not cross their stunted minds.
And many businesses are economically marginal -- particularly in the hospitality sector -- so a sudden increase in their labor costs will simply send them over the edge into liquidation -- throwing employees who were glad to have a job into unemployment.
And most new entry-level jobs will simply not be created. Many entry level jobs exist BECAUSE the low federal minimum wage makes the business activity concerned worthwhile. The potential employer who might have created a job will do his sums using the $15 wage and do something else instead.
Far from helping the poor, this is an attack on jobs for the poor. The poor often need their jobs badly and find it hard to find new ones so this is a really heartless attack by ignorant rich people on poor and needy people who are powerless to answer back
The Trump boom is creating jobs for everyone at every level but the State of Illinois is doing its best to disqualify many of its citizens from participating in that boom. It has made jobs at the lower end of the boom illegal
Note that the job destruction starts right now, even though the $15 hours don't cut in fully until 2025. Businessmen have to plan ahead and it is the $15 level that Illinois businessmen will plug into their planning spreadsheets
Springfield, IL – Today, Governor J.B. Pritzker signed into law a bill that would raise the state's minimum wage to $15 an hour by 2025, making Illinois the first midwestern state, and fifth state overall, to bring its minimum wage to $15 an hour. In response, Michael and Joan Pine, Patriotic Millionaires and Illinois residents, issued the following statement:
"Just two years after former Gov. Rauner vetoed similar legislation, Illinois' working families will finally get the boost they deserve.
So long as the federal minimum wage does not keep up with increases in the costs of goods and rising inflation, it will be necessary for states to step in. By Gov. Pritzker making a living wage one of his first priorities, he has shown a commitment to the working class and the businesses that service them. An increase in wages means more money for Illinois families to spend at their local businesses. As a result, our state economy, which relies on consumer spending, will thrive."
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