Like most far-left progressives, Rep. Alexandria Ocasio-Cortez strongly believes in dramatically increasing the minimum wage. The freshman lawmaker claims that only large corporations benefit from keeping the minimum wage at its current rate, and that increasing the minimum wage to $15 an hour would be overwhelmingly positive for the US economy. Unfortunately for Ocasio-Cortez, almost all economists disagree with this position.
Most businesses in the United States operate on slim margins, and pay their employees as much as they are able to. If we force these businesses to begin paying their employees almost double what they are used to paying, a lot of businesses are going to go under and a lot more employees are going to lose their jobs. This is a simple enough calculation to understand, yet it is one that Ocasio-Cortez and her progressive colleagues tend to ignore.
Ocasio-Cortez may very well have the purest of intentions as she fights to raise the minimum wage. For every person that raising the minimum wage would help, though, it is going to hurt many more. Perhaps if Ocasio-Cortez was better suited for her job this would be something that she understood.
To learn more about why Ocasio-Cortez is wrong about raising the minimum wage, be sure to check out the video below.
~ Liberty Video News