<![CDATA[business]]><![CDATA[california]]><![CDATA[economics]]><![CDATA[economy]]><![CDATA[inflation]]><![CDATA[math]]><![CDATA[mayor]]><![CDATA[Minimum wage]]><![CDATA[Oakland]]>Featured

Oakland’s New Mayor Thinks $50 Minimum Wage Will Solve Inflation Woes – Twitchy

This writer isn’t great at math, which is why she majored in English and later got a nursing degree.

But she also has a basic grasp of economics and she knows raising the minimum wage doesn’t make things more affordable and it certainly doesn’t address inflation.





To the contrary, it makes things more expensive and makes inflation worse.

Yet the new mayor of Oakland thinks a $50 minimum wage is the answer to economic woes:

Good luck, Oakland.

Nothing good comes of this.

Excellent question.

Because it’s not sustainable.

Businesses will leave Oakland. People will lose jobs. The real minimum wage will remain fixed at zero.

Every. Single. Time.

Math is racist.

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You get the government you vote for.

Sometimes good and hard.

They exist, and there are far too many of them.

Exactly.

Pretty soon money will be worthless and bread will cost $1 million.

They’ll blame corporate greed, racism, and Donald Trump when Oakland goes belly up.


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