2013-08-13

Minimum Wage Folly

It really takes a special kind of ignorant to arbitrarily declare and demand a "fair living wage" of $15 an hour.

Be wary of language like it costs will "only mount to 2.7%." It's like a Montreal city councilor going on radio telling Montrealers to basically shut up about the tax increase since it "only amounted to a few percentage points."

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"I’m going to highlight the ones that do just that,” thepresident said. “Companies like — there are companies like the Container Store, that prides itself on training its employees and on employee satisfaction — because these companies prove that it’s not just good for the employees, it’s good for their businesses to treat workers well.”

Not to sound rude but what does Obama know about "what's good for business?" He's demonstrated quite clearly business and finance isn't his forte. If there's one thing I can't stand is a left leaning politician without a single experience in business telling entrepreneurs what's "good for business.'

If there's one person we shouldn't be looking to for business advice it's President Obama.

Seriously, what practical experience does he have in industry?


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