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[–] 1 pt

Instantly everything will be that much more expensive.

[–] 1 pt (edited )

That's the part they can't comprehend. When it comes to supply and demand, liberals simply cannot compute. Whether we're talking about college degrees, wages, prices, or anything else, they prove their complete and utter ignorance. They truly can't understand if $24 an hour is enough for someone to live a decent life, why paying everyone $24 an hour wouldn't give everyone a decent life.

I've tried explaining to them that the economy is like an engine, but instead of working on energy gradients it works on value gradients. People earning $24 an hour don't live well because their wage is $24 an hour, they live well because their wage is higher than 50% of the population. The dollar amount doesn't matter. 100% of the people making more than 50% of the people isn't possible, which means everyone living as well as someone making $24 an hour today isn't possible. But that's not going to stop them from destroying society in the process of trying.