Evidently, the Democratic Party of Michigan has a plan for helping out the economy of that state; raise the minimum wage to $10, mandate employer paid health coverage, slash utility rates, and prevent home foreclosures from occurring.
It appears that these sage men and women are unaware of the fact that businesses might choose not to do business in Michigan, but instead relocate to far away places with a lower cost of doing business like "Indiana," "Ohio", "Ontario", and "Wisconsin." Somebody please get a copy of "The Wealth of Nations" or Bastiat's commentaries to Lansing, stat!
Know Your Lifts: The Romanian Deadlift (RDL)
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In the Know Your Lifts series, we’ve covered the high-bar back squat, the
low-bar squat, the power jerk and split jerk, and the overhead press. It’s
been...
11 hours ago
4 comments:
I think they should raise it to $20 an hour, BB. Should be twice as effective, no?
If your goal is to get unemployment to about 40%, yes, that just might do the trick. :^)
I can see lots of business oportunities, just outside their state lines. This in spite of the fact that the states bordering Michigan are pretty high in tax costs, themselves.
It doesn't exactly prevent home foreclosures if the family budget has to shift to providing allowances or buying necessary things for teenagers that they could buy themselves, because the kids can't get jobs anymore. (Voice of experience, not with unemployable teenagers but teenagers generally.)
In fact, at the lowest end, some of those teenagers might not merely be taking strain off the family budget, but contributing directly to it, with their jobs. But lets raise the minimum wage so that only people with solid work histories, long-term reliability and greater weekly availability can get the fewer jobs that employers can now afford.
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