Sophie's Choice on minimum wage vs. unemployment
A popular Democratic proposal to raise the minimum wage to $10.10** an hour, championed by President Obama, could reduce total employment by 500,000 workers by the second half of 2016. But it would also lift 900,000 families out of poverty and increase the incomes of 16.5 million low-wage workers in an average week.
So, great. Now we get to choose between helping 900,000 families and throwing 500,000 workers under the bus!
The political class sure is expert at creating these dilemmas for the rest of us, isn't it? (And especially insidious is the "lesser evil" Obot mentality, that always throws somebody under the bus -- but never them. Saw it in 2008, see it all the time with ObamaCare, seeing it right here.)
And these are, in fact, created, false dilemmas. A jobs guarantee -- or, I am coming to think, better -- a Basic Income Guarantee, makes the Sophie's Choice go away. Therefore, it's off the table. (It's also off the table with Obots, because one of the tasks of the "creative class" is to design, code, maintain, and support the mechanisms that enable these Sophie's Choices: The ObamaCare exchange in particular, but also any public-private partnership, and so forth).
$10.10. Jeebus. What a farce.
NOTE * I should have said "the non-partisan CBO." Sorry. I mean, it's non-partisan because both legacy parties are out to screw all of us.
NOTE ** Fuck $10.10, and why do I think these assholes chose "ten ten" for euphony? Why not round up to a whole quarter, and go for $10.25? Last I checked, the street level was going for $15.00; I had a post in mind on how the Democratic nomenklatura got involved, and $15.00 magically dwindled to $10.10, but never got around to the research...