Quotulatiousness

August 22, 2018

That’s not a minimum wage increase. This is a minimum wage increase!

Filed under: Americas, Economics, Government — Tags: , , — Nicholas @ 03:00

Fifteen dollars as a minimum wage? Pffffft. Venezuela just hiked their minimum wage to $30*. Your move, capitalist pigs.

We should indeed praise the success of Bolivarian Socialism in Venezuela. For they’ve been able to announce a 60 fold increase in the minimum wage. Isn’t that a massive boost to the fight against inequality, a proof that this state control of the economy raises the living standards of the poor? No, truly, we’re told, repeatedly, that raising the minimum wage is a necessary and important part of that fight against the drear circumstances facing the poor. The US minimum wage of $7.25 an hour, just think how rich we’d all be if that were $435 an hour. We could all work just the one hour a week and live well. The British minimum wage, raise it to £400 or so an hour. Why not? After all, Venezuela’s application of proper socialist principles has shown us what is possible.

* Spoiler: that’s $30 per month, not per hour. But it’s a vast increase over the previous minimum wage, no?

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