Joe Biden hasn’t worked an honest day since the early 70’s. He graduated from law school, did a couple years in the private sector, and then got elected a senator. That’s what he’s done, so, it’s no wonder he has no idea how business works. Donald Trump has had his ups and downs, successess and failures, but, he understands. It was an interesting debate, which I flipped back to here and there, between the football game and other stuff. This one I caught
President Donald Trump called out former Vice President Joe Biden during Thursday night’s debate for saying that he will raise the minimum wage to $15 an hour to help small businesses.
After mentioning that many small businesses are struggling during the coronavirus pandemic, debate moderator Kristen Welker asked Biden if he thinks now is the right time to raise the minimum wage to $15 an hour, a policy that he supports.
“I do,†Biden responded. “Because I think one of the things we’re going to have to do is, we’re going to have to bail them out, too. We should be bailing them out now, those small businesses. You got 1 in 6 of them going under. They’re not going to be able to make it back.â€
The former Vice President mentioned how small businesses were able to take a loan from the Paycheck Protection Program, a loan program that supported more than 51 million small business jobs during the pandemic.
“They need the help,†Biden said. “The businesses, as well as the schools, need the help. But these guys will not help them. It’s not giving them any of the money.â€
The video of this is at the link, and it almost makes you wonder if Joe didn’t really know what he was answering. Is he saying that all these small businesses simply need help due to all the mostly Democrat Governor lockdowns, or is he saying that they will need help like the PPP because of a $15 minimum wage? Not sure why the schools need help, as their money is pretty much guaranteed, just like most in the government. And Trump was wanting to do things along with PPP to keep them from going under, which Democrats have blocked, including getting them open.
“He said we have to help our small businesses – by raising the minimum wage?†Trump asked Biden. “That’s not helping. I think it should be a state option.â€
“Alabama is different than New York,†Trump continued. “New York is different from Vermont. Every state is different. It should be a state option.â€
It would actually be better as a local option. The NYC area is quite different from the upstate lake regions. Heck, $15 an hour isn’t even really livable in NYC. And it would kill so many businesses. Lots of the beach area positions would be gone.
“How are you helping your small businesses when you are forcing wages?†the president said. “What’s going to happen and what’s been proven to happen, is when you do that, these small businesses fire many of their employees.â€
“Not true, by the way,†Biden answered.
Yes true, by the way. Some will figure out a way to make it work, usually by doing things like raising prices, limiting hours, reducing staff, no overtime, using lower cost ingredients, some combination. Others? They move away, don’t expand, or just close up. Lots and lots have done this in places like Seattle and LA. The suburbs of those cities get the businesses, and lots of lower wage employees have no way to get to the new facility. Then they have to try and find a new job. Dems want this nationally so everyone will share the pain.
The minimum wage would not be raised “to a level that’s going to put all these businesses out of business,†Trump said. “It should be a state option.â€
“Different places are all different,†the president added. “Some places, $15 is not so bad. In other places, other states, $15 would be ruining.â€
States should allow cities to raise the wage if they choose. But, Joe wouldn’t understand this, because all he’s done for almost 50 years is work in government. If Biden wins and the Dems get the Senate, they’ll destroy the economy.
