A few weeks ago, I was talking with a left-of-center acquaintance of mine – one who workes in the urban education system, and who does, I honestly believe, their level best to try to teach highly disasdantaged kids – about McDonalds aggressively moving to automate its front lines, driving by draconian minimum wage and benefit hikes in ‘progressive” cities. I pointed out all the entry level jobs, the kinds of jobs this person’s students needed to get started in working life, were going to be lost because of this.
“Well”, this person said, “it was going to happen anyway, and this wijll send a message that companies can’t exploit people”.
The message it sends, I thought demurely to myself, is that progressives really really don’t get economics. But my response was You are a ‘have” – someone with a career, who back in their teens worked at some crummy minimum wage jobs and learned how to show up for work on time and not be a jerk to people. Your kids are have-nots, in that respect”.
I never got an reply.
Well, not to the second assertion. As to the first one, Nancy Pelosi had her own – from the perspective of the “haves” that sre the leadership of the Democrat party:
House Minority Leader Nancy Pelosi (D., Calif.) on Thursday continued to slam the recently passed Republican tax reform bill, calling the wage increases and bonuses “crumbs” during her weekly press briefing.
Walmart was the most recent company to announce a wage increase and bonuses as a result of the sweeping legislation, which included a slashing of the corporate tax rate from 35 to 21 percent.
“A number of companies are attributing the tax bill for being able to give higher wages to their employees as well as being able to give a number of bonuses to their employees. How do you respond to that?” a reporter asked.
“In terms of the bonus that corporate America received versus the crumbs that they are giving workers to kind of put the schmooze on is so pathetic. It’s so pathetic,” Pelosi said.
No word from WalMart employees about whether the $11 minimum and the bonuses are “pathetic” or not.