Comments by "Newbie Prepper" (@newbieprepper8451) on "Eight Democratic Millionaires Join GOP To Sink $15 Min. Wage" video.

  1. none of them care about the working class, not a single one of them.
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  2. raising minimum wage does nothing but raise inflation, it does not raise up the lower class as people are tricked into believing, it in fact destroys buying power for the middle class. when you raise the minimum wage, you have to pay your workers more, and therefore you have to raise the prices of products that you sell to cover the higher cost of labor now incurred. over several months, a short span, prices go up in all areas and stabilize into a new norm, the workers that got raised to $15 an hour find that their pay increased but the cost of products and services increased by relatively a close amount, therefore not really raising them out of poverty while only giving them a small boost in purchasing power for a short period of time. now workers who make $15 - $21 per hour, their purchasing power is devastated because they see the same increase in costs for services and product, they stay at their current pay, so they make the same but since things cost more they can buy less now. here is an example: milk costs $10 to produce a bottle per hour, a person making $10 per hour can buy 1 bottle of milk for an hours of work. if the wage goes up to $15 per hour then the price of the milk goes up to $15 per bottle. that person now making $15 per hour still can only buy 1 bottle of milk, but a person making $20 per hour used to be able to buy 2 bottles of milk can now only buy 1 bottle of milk and have some money left over and on the 3rd hour after saving that worker can afford to buy 2 bottles at once. this is just a rudimentary example on 1 product for the sake of being easy, the economic ramifications across a wide range of products and services are intricate and would take an economist to explain thoroughly, but still, raising the minimum wage to $15 an hour would do nothing to really help people in poverty and it would destroy the buying power of people just a little above poverty. this is nothing but a ploy by government elites to help push people into poverty and make them dependent on government handouts therefore making them more controllable. notice how no one in congress ever talks about actually reforming education to make it more accessible to people? all they talk about is loan forgiveness, but nothing about giving people equitable access to education that would teach people skills that would lift them out of poverty.
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  3.  @juresichj  i did look it up, and there is research on both sides. there is even research claiming that raising the minimum wage increases job growth but yet we never really see it. i have read this report that i link and its summary whish is that a small raise in minimum wages of 5%-15% has a slight effect on raising prices, but a larger increase has a clear effect on output prices that ripple through to higher consumer prices. according to Forbes, CA raising its minimum wage to $15 an hour leads to higher unemployment, https://www.forbes.com/sites/timworstall/2016/03/28/californias-15-minimum-wage-deal-will-cause-unemployment-we-have-the-proof-of-this/?sh=31e723627f5c and according to investopedia raising minimum wage leads to inflation. https://www.investopedia.com/ask/answers/052815/does-raising-minimum-wage-increase-inflation.asp and of course its supported by research from Upjohn Instutute who researched states raising minimum wage from 1978 to 2015, https://research.upjohn.org/cgi/viewcontent.cgi?referer=&httpsredir=1&article=1278&context=up_workingpapers but yea, you keep schilling for raising the minimum wage by people who have no interest in helping people and have sold you on thier ideals with flimsy catchphrases.
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