Bernie is on a $15 minimum wage tear. His argument is, “$15 is more than $7.50, so it’s better. ‘Period.’”
Here’s why passing a $15 minimum wage is suicidal.
Approximately every comment recognizes that the minimum wage hike won’t accomplish anything. Bernie himself recognizes it. Instead, the comments already demand further wage hikes, price controls, a Federal Jobs Guarantee, single payer, the GND, and an assortment of new regulations, nationalization, and spending to go along with the hike.
So when this new policy makes things worse, is anyone going to say we should reverse it? Is anyone going to learn anything at all? Or will we march forward to the next leftist reform?
We’ve seen this in France, Greece, Venezuela, and in the Former Soviet states, and we’re already seeing it here in response to the failed policies of the past decade. When leftist policies fail, people demand a move further to the Left. When those fail, people blame “corruption,” or the nefarious influence of bourgeoisie infiltrators and kulaks.
Every socialist is a tankie. No exceptions.