Tax cuts for the rich soaks up the inflationary potential... so you get huge wealth and income disparity which eventually destabilizes. The scarcity of dollars for the working poor is completely by design.
Increasing minimum wage will increase cost of goods proportionally. Essentially, you are taking from most people to give it to others, i.e., socialism. If you force Burger King to double their payment to each employee, that money has to come from somewhere... it comes from people spending an extra $3 on their hamburger. It should be understood that people do not stay at minimum wage all their life, we all get raises. Minimum wage jobs should really only be filled by 16 to 24ish year-olds while going to school. If you're 45yo and are still working a minimum wage job, you probably don't deserve a higher wage.
I will give you credit with how generous you were to the left and right (politically). Neither of their interests are genuinely in the people. Their economic motivations stem from polling, tax potential and other such factors that affect the government and themselves. For the left, if they can set a minimum wage, they can estimate a tax yield from their working class and leverage different taxes accordingly (both individually and upon businesses). When you remove that standard, you no longer have a universal metric by which to lean on and cannot estimate quite so easily, then you must trust the economy will do the right thing. And by economy, I mean people. Politicians have no trust in people, not really anyways.
No, there should not be a minimum wage. Let the market decide. It's not for the government to decide how much a company will pay an employee. Go check out Milton Friedman's "Free to Choose" series. It's dated but the principles are still the same.
Minimum wage only affects low paying jobs that are cannot be done by machines. Such as waiters, farmworkers etc. The bible teachers that a worker should be pay his due. If employers can pay the most vulnerable anything that they want, they will exploit them.
I think that we don't need the government to dictate what is for the private sector can negotiate with their prospect new employees. You don't start a business to loose money and you wouldn't either. May God give wisdom to our people how to deal with this issue.
I feel compelled to address your partisan bias once again, Dr. Mohler. Why is it biblical to legislate sexual ethics but not the way we steward our money? Greed and egotism have a profound effect on society. Is God less concerned with it? Any scriptures to support your worldview? If you wanted to be consistent with your conservative narrative, this podcast would be the right place to address the issue of raising tariffs. It certainly will affect market freedom as well as inflation. Was it an oversight or do you avoid certain topics to protect your political position?
The minimum wage and social security benefits do not even come close to our inflation each year…NOT EVEN CLOSE!
Tax cuts for the rich soaks up the inflationary potential... so you get huge wealth and income disparity which eventually destabilizes. The scarcity of dollars for the working poor is completely by design.
Increasing minimum wage will increase cost of goods proportionally. Essentially, you are taking from most people to give it to others, i.e., socialism.
If you force Burger King to double their payment to each employee, that money has to come from somewhere... it comes from people spending an extra $3 on their hamburger.
It should be understood that people do not stay at minimum wage all their life, we all get raises. Minimum wage jobs should really only be filled by 16 to 24ish year-olds while going to school. If you're 45yo and are still working a minimum wage job, you probably don't deserve a higher wage.
Another example of politics over theology.
How so?
I will give you credit with how generous you were to the left and right (politically). Neither of their interests are genuinely in the people. Their economic motivations stem from polling, tax potential and other such factors that affect the government and themselves.
For the left, if they can set a minimum wage, they can estimate a tax yield from their working class and leverage different taxes accordingly (both individually and upon businesses). When you remove that standard, you no longer have a universal metric by which to lean on and cannot estimate quite so easily, then you must trust the economy will do the right thing. And by economy, I mean people. Politicians have no trust in people, not really anyways.
No, there should not be a minimum wage. Let the market decide. It's not for the government to decide how much a company will pay an employee. Go check out Milton Friedman's "Free to Choose" series. It's dated but the principles are still the same.
That's how companies get to hire undocumented immigrants. Complete "free market" is jungle law.
The Friedman ideology is not biblical.
Minimum wage only affects low paying jobs that are cannot be done by machines. Such as waiters, farmworkers etc. The bible teachers that a worker should be pay his due. If employers can pay the most vulnerable anything that they want, they will exploit them.
I think that we don't need the government to dictate what is for the private sector can negotiate with their prospect new employees. You don't start a business to loose money and you wouldn't either. May God give wisdom to our people how to deal with this issue.
Thank you Dr. A
I feel compelled to address your partisan bias once again, Dr. Mohler. Why is it biblical to legislate sexual ethics but not the way we steward our money? Greed and egotism have a profound effect on society. Is God less concerned with it? Any scriptures to support your worldview?
If you wanted to be consistent with your conservative narrative, this podcast would be the right place to address the issue of raising tariffs. It certainly will affect market freedom as well as inflation. Was it an oversight or do you avoid certain topics to protect your political position?
Minimum wage should increase with inflation.
Very simply, inflation increases with minimum wage
That would be equivalent to putting a jet pack on inflation.