By raising the minimum wage to $15 a hour.
There is an old saying that you are worth as much as you are paid. If you don’t like your wages, ask for a raise. If you don’t get one, get the skills you need to get the raise. If that’s not possible in your job, seek a job elsewhere that pays better. If you can’t find one that does, then what you’re paid is what your work is worth.
Some people don’t get this. A combination of a sense of entitlement and a stubborn unwillingness to learn new skills drives these people to use government to raise their wages. Meanwhile, they never bother to ask where that extra money will come from.
As a high school student saving up for college, I worked at my local QFC a few blocks from my house. Having no skills besides the ability to follow instructions and keep the dairy section neat and tidy, I was paid minimum wage, which at the time was $7.72. Eventually, the minimum wage was raised by about a dollar. When that happened, my hours got cut, which meant I got paid the same.
Higher pay means nothing if you don’t get the same hours.
Murray Rothbard and countless other economists have written on the devastating effects of raising the minimum wage. Not only is it a violation of a person’s right to work at whatever wage they are willing to, such as immigrants whose work value may be below $15 an hour, but it forces employers to fire workers they can’t afford to keep employed.
If a person is willing to work for a certain amount of money, and a person is willing to pay them that amount, what right does anyone have to say they can’t do this?
What you have here is a group of working class people who are not willing or incapable of increasing their skills, thus making themselves more valuable to a potential employer. Instead of doing that, they are attempting to make careers out of jobs that require zero skills. In the past, the idea is that you started at the bottom and worked your way up the economic ladder. Now, however, they simply want to stay at the bottom but get paid as if they are in the middle.
Investor Doug Casey has written about this mentality before. He says:
People generally fall into an economic class because of their psychology and their values. Each of the three classes has a characteristic psychological profile. For the lower class, it’s apathy. They have nothing, they’re ground down and they don’t really care. They’re not in the game, and they aren’t going to do anything; they’re resigned to their fate.
These people would be better off educating themselves, learning valuable job skills that are in demand, and then pursuing those jobs. What’s really sad is that they may get what they ask for with a $15 minimum wage, but then they will be laid off so their employer can pay another worker at that rate.