John Stossel and other libertarians would argue that if a minimum wage is good for workers, why not raise it even more? why not 20, 50, or $100 per hour?
That POS Jew is officially a Libertarian now? He was the favorite journalist on ABC’s 48 Hours for many years.
First of all, neither John Stossel, nor any Libertarian alive, cares what is good for workers, so why should he even talk. Libertarians are the enemies of all the workers of the world, why are they talking to us about what is good for workers and what is not?
There is a limit to how high you can raise the minimum wage. I’m sure these Libertarian assholes know that. If you raise it too high, firms just won’t hire more workers. They will figure out other ways to deal with the problem instead. You can only raise the minimum wage so high. Plus you run into inflationary risks. This is Economics 101. The nonsense these guys spout is so silly that you think that either they must know they are lying and they don’t care, or else they’re so brainwashed, they actually believe this BS.
There are crappy countries all over the 3rd World with no minimum wage. They not only have shit wages, contrary to Libertarian theory that no minimum wage is worker paradise, but they also often have very high rates of unemployment, contrary again to Libertarian crap that no minimum wage gets rid of unemployment (As if they care about unemployment!).
We really need to be careful when the enemies of the workers (the Libertarians and other shills for the capitalists) tell the workers that they know what’s good and what’s bad for them. I mean, your enemy is telling you what to do and what not to do. Forget that! My enemies would probably give me some poisoned food and tell me it’s caviar. If I was offered a job making $100K/yr, they would try to convince me not to take it.
Libertarians, as the agents of the capitalists, are trying to convince workers that what is good for workers is actually bad for them, and what is bad for workers is actually good for them.
I generally feel the minimum wage should be at a level equivalent to the wage in 1968. Or it should be a given percentage of the average wage (usually 50% or so). California’s minimum wage is $8/hour. That seems about right. The federal minimum wage is $7.25/hour. Pretty good, but I think it should be $8/hr like California’s.