New in PJ Media:
The rest of the world thought that Andrew Cuomo’s political career was over when he resigned in disgrace after ten years as governor of New York over allegations of sexual harassment. This is New York we’re talking about, however, and so Cuomo is now running for mayor of New York City, and he knows his constituency: Cuomo has clearly decided that a winning strategy in the City That Never Sleeps is to position himself slightly to the left of Uncle Joe Stalin.
Cuomo is doing that by pledging to raise the minimum wage in New York City to a cool $20 an hour. He explained his plan with such limpid clarity and simplicity that at least some of his hearers must have been wondering why nobody ever thought of this before and left this golden campaign issue to the wily Cuomo. “The best way to combat affordability,” the former governor explained, “the best way is to raise wages. Put more money in people’s pockets.”
Wow. It’s that easy? Just think of how many economic downturns, recessions, and depressions could have been ended in the twinkling of an eye if presidents throughout the history of this republic had had access to Cuomo’s wisdom. People are poor? Wave your scepter and raise wages! Suddenly, everyone will have plenty of money, and the economy will hum along to prosperity for all!
In reality, however, it doesn’t work that way. In fact, minimum wage hikes — and the very concept of a minimum wage in itself — are among the cruelest and most damaging of the many tricks and deceptions that leftists use to gain support.
Raising the minimum wage seems to be an act of looking out for the little guy. Minimum wage laws are supposed to ensure that the greedy top-hatted capitalists of leftist myth are forced not to keep all the profits for themselves, but to ensure a decent living for those whose labor they’re exploiting. Socialist politicians such as Cuomo, however, never tell voters about the downside.
Business owners large and small don’t generally take minimum wage hikes as a cue to tighten their belts and make sacrifices. Maybe in a perfect world they would, but this is not a perfect world. Instead of absorbing the increased costs themselves, they pass them on to the consumer in the form of price increases, or they lay off a few workers and make the ones who are still employed work harder for almost the same money. Minimum wage laws thus increase both prices and unemployment. Under the guise of giving ordinary workers a fair shake, they make life more difficult for them.
There is more. Read the rest here.
Kosh:s Shadow says
For some businesses, wage hikes can wipe out profits, so price hikes results. Fast food has 6% profit and 30% of cost is labor. It doesn’t take much of a pay increase to turn profit to loss
Taffy says
“ Instead of absorbing the increased costs themselves, they pass them on to the consumer in the form of price increases, or they lay off a few workers and make the ones who are still employed work harder for almost the same money.”
This isn’t true; it’s actually a combination of absorbing the increased costs and passing them on to the consumer. But the net effects are the same which are businesses packing it up and shutting down for good or moving elsewhere, and price increases and less produced for the ones still in business. And depending on the supply and demand curve, NYC could actually see a decrease in revenue.
Leonidas says
You write” Cuomo is doing that by pledging to raise the minimum wage in New York City to a cool $20 an hour”
Well this increase is reasonable and cleaning ladies already get it in NYC and I think the cost labor increase can be afforded by the employers
as employees are also consumers!
࿗Infidel࿘ says
Sad thing is that NYC being as f🤬ked up as it is, he’ll probably win. Despite him causing the deaths of the Covid patients in 2020
What’s bizarre about this is a governor of a state running for the mayor of one of its big cities. Usually, it’s the other way around
Leonidas says
During Covid the deaths by Covid were exaggerated as those who died without Covid pneumonia were paid 20000$ by health insurance like Medicare or Medicaid but those with Covid 19 pneumonia were paid 40000$ so the hospitals had this incentive to register most pneumonias as Covid deaths.
40 rounds says
Only Imbeciles think a minimum wage is a good thing.
࿗Infidel࿘ says
Yeah, by now, California’s experience should have convinced everybody about what it does to jobs
gravenimage says
Andrew Cuomo Vows to Finish the Job of Destroying New York City
……………………………………
This is like Barbara Lee–after years of being one of the worst people in Congress,she decided to ruin Oakland up close and personal as mayor. Now, to our surprise she *almost* lost to a pretty decent City Council member–but close only counts in horseshoes, as they say. Does anyone play horsehoes any more?
wpm says
Andrew Cuomo turn back the hospital ship Trump sent to NYC to help with over crowd hospitals during the China flu of 2020.The governor did this because it was Trump administration that implemented it .The good governor sent elderly patients back to nursing home from hospitals to spread the China Flu .He pulled his own mother out of the nursing home to protector her. The three highest death per capital where NY ,NJ ,and California all governed by deep blue democratic governors. Cuomo wrote a book on what a great job he did during the pandemic .The governor left office before his term was up because a sexual harassments scandal’s which he settled with nondisclosure payments out of court (Trump had to go to court over his nondisclosure payment for sex between two consenting adults .Now he wants to run for another office in NY?
Patriot64 says
This man is a disgrace.
infidel says
He’s better than BDS supporter Zohran Mamdani who is currently in second place. You can watch Zohran Mamdani at getinsight.pro/schools/bds.htm
infidel says
He’s better than BDS supporter Zohran Mamdani who is currently in second place. You can watch Zohran Mamdani at getinsight.pro/schools/bds.htm
OLD GUy says
I wouldn’t trust him to run the dog pound.