Who do you trust the economy to, Obama or Gates and Buffet?
Our president says we need to raise the minimum wage, while Bill Gates and Warren Buffet have come out against it, saying it would hurt the economy. Both Gates and Buffet use to support Pres, Obama... What happened?
2014-03-14T19:14:32Z
Yes, W. Buffet said he would, "Love a $15.00 minimum wage"... but you left off the rest of the sentence! "If you could have a minimum wage of $15 and it didn't hurt anything else, I would love it," he said. "But clearly that isn't the case." (nice try at spinning)
David GH UK2014-03-14T15:10:15Z
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You must trust your economy to your President. He is the person elected to do the job,and he does it best of all.
Raising the minimum wage does nothing for the economy, but does put people out of work. A company forced to pay more will hire less and end up firing some to pay more to the others. Then those people usually young people are placed on unemployment or welfare. Once there they are stuck, so raising the minimum wage is a vehicle to make people dependent on the government for their subsistence.
BUFFET, OF COURSE. Minimum wage jobs are for high school students and housewifes to earn a little extra spending money, they aren't meant to be careers. Raising the minimum will just raise the price of EVERYTHING, hurting more people than it helps. We gotta dump this stupid service-based economy and start manufacturing things again. Ya can't get anywhere if I buy a chesseburger from you and you buy a taco from me. Ya gotta EXPORT stuff. NAFTA was the worst deal for America EVER. Our companies are saddled with OSHA and Unions and the DEP and paying a decent wage, How can they possibly compete with third world countries?