Friday, April 15, 2016

Bernie again showcases his economic ignorance and disregard for data

“The senator’s uninformed views are, in a word, contemptible.”
Bookworm Room
Yelling and pointing Bernie Sanders

 . . .."I just read the most ungodly economically ignorant article I have ever read. . . . It even beats out the $15 an hour minimum wage arguments, which at least are based on rational fantasy.  [Bookworm here:  Or maybe not so rational.*]
"Let me set this up:  Bernie goes to Brooklyn, where he rails against all of the evil businesses he means to destroy, starting with Verizon. Bernie claims that Verizon has paid nothing in taxes, and that it is time for Verizon to pay its “fair share.”  (I am starting to become violent every time I hear the word “fair” at this point.)" . . .

Democrats have lost their minds over the minimum wage

. . . The left's minimum wage obsession dovetails with a shifting academic consensus that until the 1990s considered such hikes a recipe for killing jobs, especially for low-skilled workers. For a long time, the generally accepted rule of thumb was that, all else remaining equal, every 10 percent increase in the minimum wage would decrease low-skilled employment by 1 to 2 percent, since the more employers had to pay these employees, the fewer jobs they could afford to provide. . .

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