Bill Gates: Big Minimum Wage Raises Can Destroy Jobs (Video)
I doubt that lefty Mika was expecting this answer from Bill Gates:
“Within certain limits, it doesn’t cause job destruction, but if you really start pushing it, then you’re just making a huge tradeoff,” Gates said on Morning Joe. “You have to say which are the households that end up benefiting: Is it much more the teenager in a wealthy household or is it that household in poverty?”
“A lot of the problem there is that those people don’t have many hours. It’s not the actual wage level,” he added.
I love the whole, “Costco model” Mika mentions, like paying employees higher than minimum wage is totally unique to Costco.
It isn’t. All that statement did was expose Mika’s ignorance on the subject.
Duane Lester is co-founder of All American Blogger, and the primary writer. Following graduation, Duane entered the United States Navy as a journalist. He spent five years touring the world, reporting on local news and sports. Following his enlistment, Duane spent almost 10 years working with adjudicated youth in residential treatment environments. Duane discovered politics after September 11. He credits Erich "Mancow" Muller for opening his eyes to his conservative beliefs. Since then, Duane has devoured books and literature on politics, reading everything he can from Adam Smith to Larry Elder to Thomas Sowell. He refers to his style of politics as "conserva-tarian", a mixture of conservative and libertarian beliefs.