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	<title>Liberty Treesocialist Archives - Liberty Tree</title>
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		<title>Sorry Bernie: Here&#8217;s why a $15 minimum wage won&#8217;t work</title>
		<link>https://libertytree.com/liberty-tree/898</link>
				<comments>https://libertytree.com/liberty-tree/898#respond</comments>
		<pubDate>Fri, 20 Aug 2021 19:51:51 +0000</pubDate>
		<dc:creator><![CDATA[Liberty Tree]]></dc:creator>
				<category><![CDATA[Press]]></category>
		<category><![CDATA[Bernie Sanders]]></category>
		<category><![CDATA[Brad Polumbo]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[minimum wage]]></category>
		<category><![CDATA[socialist]]></category>

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		<description><![CDATA[<p>Sorry Bernie: Here&#8217;s why a $15 minimum wage won&#8217;t work FEE&#8217;s Brad Polumbo has made an excellent video breaking down the reasons why a $15 minimum wage won&#8217;t work. Brad starts by answering the arguments of self-identified socialist and U.S.<span class="ellipsis">&#8230;</span></p>
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<p>The post <a href="https://libertytree.com/liberty-tree/898">Sorry Bernie: Here&#8217;s why a $15 minimum wage won&#8217;t work</a> appeared first on <a href="https://libertytree.com">Liberty Tree</a>.</p>
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				<content:encoded><![CDATA[<h1 class="p1"><strong>Sorry Bernie: Here&#8217;s why a $15 minimum wage won&#8217;t work<br />
</strong><br />
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<p class="p1">FEE&#8217;s Brad Polumbo has made an excellent video breaking down the reasons why a $15 minimum wage won&#8217;t work.</p>
<p class="p1">Brad starts by answering the arguments of self-identified socialist and U.S. Senator Bernie Sanders. Sanders says in a video clip, “No worker in this country can make it on nine or ten bucks an hour, yet millions are forced to do that and that is why as a nation we have to understand that a 7.25 minimum wage at the national level is an insult.</p>
<p class="p1">&#8220;We&#8217;ve got to raise that minimum wage to a living wage $15 an hour,&#8221; Sanders adds. &#8220;Our goal must be to say that in America if you work 40 hours a week you are not living in poverty.&#8221;</p>
<p class="p1">Polumbo replies, “The biggest problem that jumps out to me right away when I hear people like Bernie talk about the minimum wage is that their entire argument is basically emotional. It&#8217;s about what should be about what people supposedly deserve.&#8221;</p>
<p class="p1">
<iframe src="https://www.youtube.com/embed/uXdKEKkvd8A" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p class="p1">&#8220;But the real world doesn&#8217;t really take those factors into account,&#8221; Brad notes. “The real minimum wage whether Bernie Sanders likes it or not is always zero, as economist Thomas Sowell famously said.&#8221;</p>
<p class="p1">“So he can talk about levels of wages that are insulting, or the fact of that Americans should be able to live off a certain wage, but none of that really addresses any of the market realities or any of the practical impacts of what raising the mandatory wage would be,&#8221; Polumbo says.</p>
<p class="p1">Polumbo then notes that Sanders&#8217; policy idea will put people out of work.</p>
<p class="p1">“It’s more emotional fluff than actual policy argument,&#8221; Polumbo insists. &#8220;The ugly truth of the $15 minimum wage is that it will put many of those same workers folks like Bernie want to help out of a job entirely.&#8221;</p>
<p class="p1">Polumbo adds, &#8220;You don&#8217;t need to be an economist to understand why.”</p>
<p class="p1">Watch the video <a href="https://youtu.be/uXdKEKkvd8A"><span class="s1">here</span></a>.</p>
<p>The post <a href="https://libertytree.com/liberty-tree/898">Sorry Bernie: Here&#8217;s why a $15 minimum wage won&#8217;t work</a> appeared first on <a href="https://libertytree.com">Liberty Tree</a>.</p>
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