“If it’s too high, they won’t hire anyone. That means the real minimum wage is ZERO!” shouted Camila Vallejo, president of Sodom’s Student Federation, after Professor Sowell’s presentation on Real Economics.
According to Wiki, “Sowell discovered an association between the rise of mandated minimum wages for workers in the sugar industry of Puerto Rico and the rise of unemployment in that industry. Studying the patterns led Sowell to theorize that the government employees who administered the minimum wage law cared more about their own jobs than the plight of the poor.”
Sowell concluded that showing support for a higher minimum wage makes people appear sympathetic to the poor. But such virtue signaling is at the expense of the worker. Raising the minimum wage only makes employers fire people they can’t afford to pay.
“Of course, we complain it’s an exploitation of the American worker if we don’t get what we want. But if they stop exploiting us, then where will we be? I mean, if they don’t hire us, we get nothing!”
Hours after Professor Sowell’s class, the students regrouped and began to think of another way they could use force or name-calling to get what they want.
“What we need is a minimum employee requirement for all new businesses. They would be forced to hire a certain amount of people and then be forced to pay a minimum wage!” blurted Camila.
A local entrepreneur overheard Camila’s comment and laughed out loud, “Don’t they understand the minimum number of employees we’re forced to hire will be the maximum number of employees we’ll ever hire?! The good professor might teach these students about what drove entrepreneurs to off-shore their workforce in the first place.”
