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Rep Crenshaw On Dems/Sanders’ Min Wage Woes: ‘Get An Econ Degree’
One of my favorite people out there is Rep. Dan Crenshaw (R-TX). The guy has a titanium spine and he has been aggressively going after House Democrats for passing what he calls “ill-conceived” legislation that would double the federally mandated minimum wage to $15 per hour. And he’s not pulling his punches here.
“It’s shallow thinking, it’s ill-conceived policy,” Crenshaw said during an appearance on “Fox & Friends.” “It feels good, it’s emotionally driven, but it doesn’t actually do any good and they’re not actually thinking of the second- and third-order consequences of a $15 minimum wage.” Exactly. Crenshaw gets it.
The Democrats overwhelmingly passed the Raise The Wage Act last Thursday by a vote of 231-199, largely along party lines. If enacted, the required minimum wage would increase for the first time in more than a decade, up from its current rate of $7.25 per hour to a crushing $15 an hour. Of course, it will never get through the Senate but this is the candy the Dems are trying to lure young Americans with… right into their red van.
“This has been debunked over and over and over again by economists. It’s bad for economics and it’s also bad because it’s a one-size-fits-all policy from the federal level,” Crenshaw said. “Economically speaking, it causes job loss.” Yes, it does – it would cost millions of jobs and devastate small businesses in the US. It’s the socialist way. Doing this would reduce income and jobs not increase them.
From The Daily Wire:
“The Texas congressman referenced a report from the Congressional Budget Office (CBO) that was published earlier in July. The report estimated that up to 3.7 million Americans would lose their jobs if the minimum wage hit $15 per hour by 2025.
“When a business is faced with a new minimum wage, their entire budget for salaries and payroll, it doesn’t change so they have to make changes themselves — they might have to cut hours and they might have to fire people,” Crenshaw said. “While some people get a small incremental increase, others get a 100% decrease in their wage because that’s what happens when you fire them.”
“He also noted that one’s cost of living is vastly different depending on where that individual resides and questioned the rationale for instituting a blanket rate for the entire country.
“In San Francisco rent is about $4,500 per month. In Lubbock, Texas, it’s about $700 per month. You don’t have the same minimum wage in both places,” he continued. “You need to allow municipalities and counties to make that decision for themselves.”
“Sen. Bernie Sanders (I-VT) has been a longstanding advocate for a $15 minimum wage. He has made establishing a federally mandated living wage a keystone in his presidential campaign and applauded the House’s passage of The Raise The Wage Act.
“However, Sanders’s presidential campaign revealed on Friday that it would be cutting the hours of field staffers to stay above the $15 per hour threshold. Field staffers receive a flat salary of $36,000 annually, which equates to $17 per hour based on a 40-hour workweek. But many staffers were actually working up to 60 hours each week, resulting in an hourly salary of roughly $13 per hour.”
Crenshaw nailed it: “You’ve got to laugh at this a little bit. I mean, when this kind of poetic justice where this ill-conceived policy gets manifested right before your very eyes. And I wonder who could have predicted this? Well, anybody with an economics degree would have predicted this. So it doesn’t help the people you’re trying to help. In some cases, it hurts them because, remember, a lot of these people that are at minimum wage are adding to their household income. And if they’re priced out of the labor market, they can no longer add that income to their household. So a household that was not in poverty could potentially be in poverty and they studied this at the CBO [Congressional Budget Office], as well. It’s really, really bad policy overall.”
God save us from Marxist morons on the left. I would tell them to get an economics degree as well but Elizabeth Warren already did and she’s still spouting this insane crap.
Crenshaw’s mockery of Sanders, Tlaib, and the rest of the math-challenged left is spot on. “Poetic justice” indeed.
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