Were I still taking politics and economic news seriously, the idea of a $15/ hour minimum wage would sound awful. I'd say, "how stupid are the people proposing this idea? Why not make the minimum wage a million dollars an hour instead? What arguments are there for $15 and not for $1m?"
Of course this idea is stupid and would harm the economy. And of course the people promoting the idea are stupid and/ or evil. (see RWC&G on the lying going on to support this stupid idea.)
Instead of being annoyed by the stupidity, my first reaction upon hearing of this idea was to say, "HA! HA! Do it! It'll be hilarious! HA!"
It would be funny to see the unemployment rate shoot up and to see prices rise, while the supporters of this stupidity blame the evil big businesses and 1%.
Before we raise the minimum wage however, it would be nice to know what the actual unemployment and underemployment numbers are. We obviously cannot believe the government's numbers. Does anyone know where we can find the actual numbers?
If you do believe in the government's unemployment numbers, do you also support the idea of raising the minimum wage to $1 million per hour? Would you mind lending me a few grand while we're at it?