Posted in Cost of labor, Economic Issues, Education, Free Society, Free-Market, government incompetence, Job loss, Keynesian Economics, Leadership, Liberty, Minimum wage, Philosophy, Policy Issues, Poverty, Rule of Law, Uncategorized, Wealth

Bernie Sanders Gets a Lesson in What a $15 Minimum Wage Would Mean – Reason.com

“…it’s telling to see how Sanders’ campaign responded to the allegation that the Vermont socialist is not putting his money where his mouth is.

In a statement, Shakir stressed that Sanders’ campaign “offers wages and benefits competitive with other campaigns, as is shown by the latest fundraising reports.”

Exactly! If Sanders’ campaign can find a sufficient number of employees willing to work for $10 an hour or $12 an hour, that’s fine. No one is being coerced to work for him, and he’s paying what the market for field workers allows.

Sanders the politician likes to criticize other employers for doing exactly what he’s doing.

“Americans should not be subsidizing the richest family in America and Walmart workers should not be living in poverty,” Sanders tweeted last month, castigating the big box retailer for not paying all workers $15 per hour. “Walmart’s greed has got to end,” he added.

But Sanders the employer surely knows that paying field workers $12 an hour instead of $15 per hour will allow his campaign to hire more field workers. He’s not employing those people because it makes him feel good to do it, and he’s not paying less than $15 per hour because he’s a skinflint multi-millionaire who is too greedy to care about workers. He’s employing them to help him succeed in a highly competitive arena where small margins can make a big difference.

When the problems with a government mandated minimum wage are so obvious that even a socialist’s campaign can’t help but acknowledge them, it should probably make you wonder if Sanders the politician is being willfully ignorant about one of his centerpiece proposals.

https://reason.com/2019/07/19/bernie-sanders-gets-a-lesson-in-what-a-15-minimum-wage-would-mean/

Author:

A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

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