This scene could easily be mistaken as a Saturday Night Live game show skit. But, sadly, this spectacle isn’t a spoof, rather the reality of Democrats running for US Senate in the land of fruits and nuts. They are in a continual bidding war on how they want to raise the federal minimum wage with the current bid at $50 an hour.
By the way, for a 40-hour-a-week full-time job, that’s the equivalent of a $100,000 a year MINIMUM salary!
How high will the bidding go? Do we hear $60? How about $70 an hour for a Starbucks barista, a restaurant hostess, or a school crossing guard?
Our back-of-the-envelope calculation is that a $50 federal minimum wage would cause at least 10 to 20 million lower-wage and less-skilled Americans to lose their jobs. That will really help the poor.