CHO Quick Reaction by Chip McLean:
So now the socialist “rising star” of the Democrat Party is sorry to see a New York coffee shop closing its doors…
Fox News — New York Democratic socialist Alexandria Ocasio-Cortez portrays herself as “a normal, working person,” but one of her positions may have helped 150 people lose their jobs.
After enduring mockery for declaring Sunday that a walk in a national park was an example of democratic socialism, Ocasio-Cortez lamented Monday the shutting down of an iconic New York coffee shop that closed mostly due to a higher minimum wage – which Ocasio-Cortez supported.
“The restaurant I used to work at is closing its doors. I swung by today to say hi one last time, and kid around with friends like old times,” the congressional candidate reminisced on Twitter. “I’m a normal, working person who chose to run for office, because I believe we can have a better future.” (see complete article)
This is so typical of progressive thought, or what passes for thought on the left.
Their current darling Ocasio-Cortez can’t grasp the most basic concepts of economics. Socialism, or as I like to call it, communist lite, is not workable and in fact has never worked anywhere; and more importantly will never work anywhere for a whole host of reasons.
Crazy Bernie Sanders can choose to call it “democratic socialism” all he wants, but the term is nothing more than a way to market the same old failed ideas. An idea such as doubling the minimum wage will result in job losses for those who need it the most, not to mention put small businesses out of business.
$15 an hour for entry level jobs such as flipping burgers is untenable. Even if it is a large corporation such as McDonalds that could prop up these unrealistic wages – at least for a time – the results will be inevitable. In order to ensure profit margins, prices will go up. Can you say nine-dollar Bic Macs? Eventually, as all the fast food franchises start raising prices, a ripple effect causes a round of huge price increases on other goods and services throughout all sectors of the economy. Purchasing power then is dramatically reduced due to escalating inflation. At that point that $15 an hour winds up being worth what $7.25 was before the increased minimum wage. And that would be for those fortunate enough to still be employed.
It all comes down to the so-called progressives’ feelings. They “feel good” by advocating for pie in the sky programs. It “feels good” to support $15 an hour for entry level jobs, even though it certainly isn’t good when young people just starting, lose their jobs because the business cannot afford to pay that wage.
They have “good intentions”, but as we all know, the road to hell is paved with good intentions.
© Copyright by Chip McLean, 2018. All rights reserved.
Chip McLean is Capitol Hill Outsider’s editor/publisher
Email Chip: email@example.com