Everytime the Gubmint spends too much of our money on unnecessary crap, like the $9 Trillion in extra dollars spent during the Biden Adminisitration, the cost of living goes up. That's because they're in competition with the taxpayers, i.e. you and me, for the goods and services they must buy, and that we must buy. The very same goods and services.
And they can print money! You and I cannot.
And the next thing that will surely happen is that same Gubmint will hike the Minimum Wage to force employers to pay their employees more. So as to offset the heightened cost of living they're responsible for increasing.
And as absolute, incontrovertible proof of the legitimacy of my accusation, we're now more than $38 TRILLION DOLLARS IN DEBT! It was $9 TRILLION the day Barry Obama took office. And that wasn't so very long ago!
This all started with one Franklin Delano Roosevelt in the aftermath of the Second World War. He spent so much borrowed money that the cost of living went through the roof. To help with the problem he created the "Fair Labor Standards Act" of 1938. It demanded that employers pay their employees at least $0.25 cents per hour. And back then, a $Quarter an hour could enable one to live quite nicely.
But there's a better question that must necessarily follow: Why does the Gubmint get a say in how much an employer pays his employees? Isn't the deal between the employer and the employee a private contract matter? A civil matter?
Through the years that same Gubmint has required, under the force of statute, i.e., "LAW," to pay his or her (or its...California, doncha' know) employees an ever higher Minimum Wage. From that $Quarter an hour it went to a $Dollar, then $Two, and up to the now Federal Standard of $7.25 cents an hour.
Yet, several of our states discovered that they, too, could get in on the folly of telling employers within their borders how much they had to pay. California, as an eggregious example, has now mandated a MinWage of $20.00 an hour, or even more in some cases. They are, in essence, forcing their businesses to spend money. For every time they force a MinWage increase, those same businesses must increase the price of their goods and services to stay solvent. Like stairsteps, the MinWage goes up, the prices go up. And the populace suffers. Those who have to buy that coffee, or those cookies, or that lawnmower must then pay more due to the heavy hand of their Gubmint. And the cost of living goes up in lockstep.
Now, Lost Angeles' mayor has just signed into law a new mandate forcing that those hotels and restaurants within her city pay $30.00 an hour. It was $10.00 an hour just 4 years ago. These, the folks who make the beds at the Motel 6, if fully employed, are now making $60,000 a year! Perhaps substantially more than those who are frequenting those same motels.
Apparently destroying what was once a beautiful city by attending a cocktail party in Uganda while her town burned down wasn't enough. Leaving the reservoir empty and telling the fire department to stand down wasn't enough, either. Then watching by long distance 16,000 dwellings burn and dozens killed. Now she's going to finish off what's left by forcing her businesses into backruptcy. What did they ever do to her?
BoyGuv ("Hairgod") Newsom unilaterally hiked the pay last year of those folks who ask "Would you like fries with that" to $20.00 an hour. Not seeming to care if such a monumental increase in the pay of workers in fast food joints would pose a detriment to owners of those businesses, he went ahead and did it anyway. I used to constult with owners of MickeyD's franchises, and I can tell you this increase costs the average 24-hour restaurant about $250,000 a year. Or about the total profits of a MickeyD's. Rendering the value of their stores to just about zero (businesses like those are valued at their ability to produce profits. No profits, nobody to buy them).
Or, to hike the price of a Big Mac meal to $12 or $13, rendering it out of the price range for the average wage earner. The guy for whom it was originally created. MickeyD's is now "fine dining."
Now that Mayor Bass, a person who's only mayor because she's both Black and a woman, and of sub-average I.Q., has increased the wages of hotel and restaurant workers to $30.00 an hour, those same hotels and restaurants must now increase their prices by 15% or even more. And if they do not, they'll go tits up just in time for the Olympics. Of course, Bass doesn't care about that. Or perhaps isn't even smart enough to have considered it. Or even to know she should have considered it!
One would have to be pretty damn dumb to open a business in a state that's proven itself willing to mess with a business owners' finances by unilaterlly hiking their employees' pay. Imagine waking up one morning and finding out your cost of doing business just went up by 15% or 20%, or even more.* How would you react? Remember, 75% of all American businesses are 50 employees or less. And owned by families just like yours. It's like having the State stick a gun in your face and asking for protection money. The Mafia learned how to do business from watching our Gubmint! Do yourself a favor, become a painter, or a writer, or a shoer of horses. That way you don't need employees. And the state cannot screw you to the wall on a whim like they're now doing.
When I come back next go around I want to be both Black and a woman. Or maybe just a guy like I am but identify as Black and a woman (the Democrats have told us "identifying" is all that's necessary). Plus gay and transgender and "two-spirit." Whatever that means. I'll surely be the King of America...
* My sainted wife and I ran a small medical services company for 39 years here in Taxifornia. We had at our peak 50 nurses working for us. And we not only had to compete with other providers, we had to compete with Sacramento! You know the old saying, "You can't fight City Hall?" Yeah, etch it in concrete.