AOC is Dumber Than I Thought: Minimum Wage Edition

by | Jan 7, 2023

Progressives will admit higher prices hurt those with the lowest incomes, but when it comes to raising the price of labor they ignore that very economic reality: Charging more for X discourages X from being consumed.

When you raise the price of employing someone: Fewer people will be employed, smaller businesses will be hurt disproportionately, low skilled employees will not get a chance to get their foot in the door, people with little experience will not get opportunities or on the job experiences, oligopolies will result meaning fewer options for consumers and employees and higher costs for goods and services.

Congresswoman Cortez said the fact that McDonalds in Denmark pays more than McDonalds in America it clearly wouldn’t be an issue to raise the minimum wage in America.

See the scam?

She claims that “Since multinational billion dollar corporation X can afford Y, all companies in America should be forced to pay for Y.”

Saying McDonalds, a multi billion dollar corporation can afford to pay high wages, is like saying “Houses and health care should go up in price. Jeff Bezos, LeBron James, The Walton Family, and Oprah can afford it!”

No mention of smaller competing start ups which are trying to compete with the big guys, which as we have seen don’t always last. Sam Goody, Sears, Blockbuster, A&P Grocers, Kodak, MySpace, all huge companies that failed since they faced competition.

Finally the Progressive may say, “If a business can’t pay X amount per hour, they deserved to lose everything.” To which I say, “My body my choice.” If I choose to contract for $0.00 an hour as an intern, you have no right to stop me. If I CHOOSE to work for $0.00 an hour, for thousands for hours as everyone does in college, I have the right to do so. People who volunteer for charities get $0.00 an hour. I work and invest time in my business for $0.00 an hour.

AOC, stop using your institutional power to coercively control the working class.

About Keith Knight

Keith Knight is Managing Editor at the Libertarian Institute, host of the Don't Tread on Anyone podcast and editor of The Voluntaryist Handbook: A Collection of Essays, Excerpts, and Quotes.

Our Books

libertarian inst books

Related Articles

Related

The Zumwalt: Hit or Miss? Mostly Miss

The corporate/access media press is gushing about removing the 155 mm Advanced Gun System (AGS) to replace it with the Conventional Prompt Strike (CPS) missile on the ugly Zumwalt-class ship in the US Navy. The AGS was designed in the 1990s to increase the ability of...

read more

Pin It on Pinterest

Share This