$25 Minimum Wage - This Is a Bad Idea

 Introduction

In today’s video I’m talking about the Living Wage For All Act — the bill introduced on April 28 that would push the federal minimum wage up to $25 an hour. Big corporations would have to hit $25 by 2031, and small businesses by 2038. In my opinion, this is a terrible idea. A jump like this could mean layoffs, businesses closing, higher prices, and even more inflation — especially in the South where small businesses are the backbone of the economy.

Effect on Businesses?

People forget that business is profits and losses. If labor costs explode, profit disappears. That kills the idea of even starting a business if you need employees. I could understand $10 or $12 an hour, but $25 is ridiculous.

And look at California. They already have some of the highest minimum wages in the country, and it didn’t magically fix anything. If anything, it added to the list of problems they already had — businesses leaving, job issues, homelessness getting worse. So why would we copy that model?

Video

Closing Thoughts

If you ask me, I’d rather see Congress focus on things like getting out of NATO, cutting ties with the UN, and ending federal income tax — but that’s just my perspective. Let me know your thoughts in the comments. Also, feel free to suggest a topic.