The massive liberal outcry for an increase to the minimum wage in America has backfired in St. Louis, Missouri, and now the state is taking action.
In many locales across the nation, particularly in the ultraliberal west, the minimum wage for American workers has been bumped from $7 and change to $15.00 – an enormous increase with dire consequences. Not only have massive corporations such as McDonald’s been forced to replace flesh and blood workers with kiosks, but small, family-run businesses are shedding employees faster than you can say “order up!”.
Now, after feeling the adverse effects of paying a minimum wage of just $10, Missouri is looking to roll back the destructive switch in order to preserve the state’s heritage as a business-friendly destination.
“And Missouri Gov. Eric Greitens agrees. Next month, the minimum wage will return to $7.70 an hour — ten bucks an hour was a mistake, he says.
“‘Despite what you hear from liberals, it will take money out of people’s pockets,’ Greitens said.
“Cities all over the country have been boosting their minimum wage. It’s up to $15 an hour in Seattle, but it’s going in the opposite direction in St. Louis.
“But after nationwide protests, the minimum wage went up on July 1, or will go up soon — from Chicago to Flagstaff, Arizona, and Los Angeles to Washington, D.C. “
In St. Louis, several mom and pop restaurants were particularly hard hit by the change that just happened to coincide with an increase in product costs and taxes. This triple-whammy of expenditures had many fearing for the future of their businesses.
Liberals continue to push the boundaries of entitlement and welfare in our nation, and their constant push for an unreasonable $15/hr minimum wage is just another symptom of that sickness. To require any business to provide even the most inane of employees with a wage of such magnitude, especially given the sudden nature of these changes and the severity of the increase, is downright destructive. American businesses will surely need to pass these costs along to the consumer, inflating prices and decreasing bank accounts.
In reality, the minimum wage hike will be directly transferred right back to the consumer in the form of those inflated prices, negating the entire experiment altogether. If you make more money, but also have to spend more of it so that other employees can get their enhanced wage, you’ll find yourself at a net zero change. It becomes a farcical campaign promise from the left that, in reality, is nothing more than a ball and cup magic trick where you simply move the money around instead of creating it or spending it.