The story below, which I'll get into in a minute, reminded me of a famous Ronald Reagan quote:
Truer words were never spoken!
This morning I ran across yet another example of that, and it comes in the form of the government trying to "help" the U.S. labor force make more money. CBS News reported a minimum wage increase as an "economic boost" for millions of workers:
Higher minimum wages will go into effect on January 1 across 22 states, giving an economic boost to almost 10 million workers, according to a recent estimate. https://t.co/U9RyDF1SXS
— CBS News (@CBSNews) December 27, 2023
CBS News needs to read its own social media posts more often because I spotted them also reporting that not every worker is going to feel an "economic boost" from higher minimum wages:
Dueling economic stories from CBS News. pic.twitter.com/xTrTYkyhV5
— Doug Powers (@ThePowersThatBe) December 27, 2023
Yep, they're from the government and they're here to "help" you:
Pizza Hut is set to lay off more than 1,200 delivery drivers in three California counties in the coming year, ahead of a new state law that boosts the fast-food minimum wage. https://t.co/e8Hlg9NiMi
— CBS News (@CBSNews) December 27, 2023
Between layoffs and continued automation, this won't be the only example of the downside.
Pizza Hut is set to lay off more than 1,200 delivery drivers in Los Angeles, Orange and Riverside counties in the coming year, ahead of a new state law that boosts the fast-food minimum wage by $4 to $20 per hour.
The law, known as Assembly Bill 1228, was introduced by Assemblyman Chris Holden, D-Pasadena, and signed into law in September by Gov. Gavin Newsom.
Pizza Hut franchises are preparing to pivot toward third-party apps like DoorDash, GrubHub and UberEats for pizza and food deliveries.
A second Pizza Hut franchise, Southern California Pizza Co., is also planning to lay off 841 drivers. The layoffs will impact drivers in Pizza Hut locations in Sacramento, Palm Springs, Los Angeles, Central California, Southern Oregon, the Reno-Tahoe area, among others.
Leftists like Bernie Sanders, who couldn't run a lemonade stand for ten minutes without going bankrupt, will blame "corporate greed" and refuse to see what's right in front of them.
Who could have anticipated this? https://t.co/pSxe8RSsFJ
— Guy Benson (@guypbenson) December 27, 2023
Your reminder that the real minimum wage is $0 https://t.co/LnLLec3pYW
— Sunny (@sunnyright) December 27, 2023
That's how it works. Government cannot make your life better. Only you can
— Derek 1776 (@DerekI1776) December 27, 2023
This effect is limited to the private sector because the government can give its employees big raises by printing money and borrowing it from future generations of politicians like Joe Biden are bankrupting. Then they brag about it:
BREAKING: President Biden just enacted a historic 5.2% pay raise for federal workers. This is the largest pay raise since 1980. This is another example of President Biden’s commitment to building an economy from the bottom up and middle out.
— Biden’s Wins (@BidensWins) December 25, 2023
Imagine thinking that giving government workers raises on the backs of taxpayers (current AND future) is "building an economy." If anything it's collapsing one. That's "Bidenomics" (and "Gavinomics").
