Woke economics: California Democrats demand $50 minimum wage

I called this,.. it won't be long before they want a $100 per hour minimum wage- all this does is elevate housing, goods and services plus eliminates jobs - how people don't understand this concept is ridiculous

 

The Price of a Big Mac would be raised to $53. Rent on a small two-bedroom one-bath apartment in California would go to $16,000 a month. A new car would cost $345,000. A new house with four bedrooms and three bathrooms would go for around $7,000,000.

The point is, companies would have to raise their prices to accommodate your new income. Many will be fired, especially if you are not worth being paid $100 an hour. In the end, the $100 an hour they make now, will actually hold less financial value than the $10-$15 that they were paid originally.

$50 being proposed now and $100 an hour tomorrow (or more) will only hurt those it was suppose to help - just like defund the police

 

Would you live in California if your salary doubled?

You spend a bit of mind time thinking about hypotheticals for the hellscape that's the godless west, but it really ain't that bad.

 

Absolutely not - not even if my income was tripled

 

Fair enough. So why is California on your mind all the time on the D&D?

 

Because California is a prime example of wokeness that goes wrong, plus it’s a bellwether state and the most beautiful one too, or used to be.
I’ve lived there for a few years back in the 90s, the natural beauty is breathtaking and you’re never running out of things to do.