I don’t think I’m outlandish in saying that the Democrats’ economic plan is short on growth and heavy on regulations and socialism.

For instance, the “presumptive incoming speaker, Nancy Pelosi, has vowed to pass this wage floor [$15 minimum wage] in the first 100 hours of the new Congress.” Why would she do this?

Even in wealthy Seattle, which passed a $15 minimum wage in 2014, independent researchers at the University of Washington revealed that entry-level jobs and hours worked fell as a direct consequence. As a result of reduced hours, entry-level wages actually fell by $1,500 a year, on average. A minimum wage increase that reduces wages? Just more proof that you can’t fight economics. If the $15 fallout was this bad in Seattle, think of the consequences to Main Street and entry-level employees in poorer cities such as Shreveport, Sioux Falls and South Bend.

Voting Democrat is voting against pro-growth economic policies. That isn’t to say that all Democrats are illiterate when it comes to economics. My point is that people like Ocasio-Cortez, Bernie Sanders, Elizabeth Warren and other progressive/socialist hardliners, where the energy in the Democratic Party is, hate pro-growth policies.

Hardline progressives/socialists see economics upside-down. They don’t get it that cutting taxes increases economic activity. These Democrats don’t understand that cutting regulations increases an entrepreneur’s incentive to start a new business. For that matter, only entrepreneurs notice that regulations prevent new businesses from starting.

This fall, the one thing I thought was missing was that Republicans didn’t make the case in specific enough terms of how voting for Democrats would hurt economic growth. This video is from 3 years ago:

The path to higher wages is through business-friendly policies. President Reagan, as he frequently did, put it best when he said that that you can’t pro-jobs and anti-employer. When President Obama raised corporate taxes, corporations left for other countries. In that instance, ‘fairness’ hurt American workers.

Why shouldn’t we learn that dramatically raising the minimum wage hurts everyone? Seattle’s increase to $15/hr. only increased automation while shrinking working hours. That’s rather counterproductive.

The Democrats’ economic blueprint is a blueprint for stagnation.

One Response to “Democrats’ stagnation strategy?”

  • Chad Q says:

    The path to higher wages is: having more than a high school education, producing more for the company than what you’re being paid, hard work, dedication, etc. What these economically challenged socialists don’t understand is that if the minimum wages is raised, all other workers wages have to be raised to keep up with the spike in inflation that will occur and the minimum wage worker will be no better off than they were at $8/hr. Only the government and unions make out better with higher minimum wages.

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