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Biden Exposes His Own $15/hour Minimum Wage Insanity

May 11, 2021 By E.J. Smith - Your Survival Guy

President Joe Biden signs executive orders on immigration Tuesday, Feb. 2, 2021, in the Oval Office of the White House. (Official White House Photo by Adam Schultz)

This is too rich. Biden is telling Americans that they need to get off their butts and work, even if the job they get is paying less than government benefits. The problem is that current benefits are paying about what a $15.38/hour job would pay (depending on where you live and other factors). The push for a $15/hour minimum wage is being exposed now as a complete fallacy. The economy simply can’t work with that as a federally mandated minimum wage. Maybe in some states that would be fine, but you are seeing in real-time the problems with one-size-fits-all government.

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The Daily Mail reports:

President Joe Biden on Monday said that anyone taking unemployment who gets offered a ‘suitable job’ must take it or lose their benefits after experts revealed that people making $32,000 before COVID could now earn more by staying at home.

‘We’re going to make it clear that anyone collecting unemployment, who is offered a suitable job must take the job or lose their unemployment benefits,’ the president said in remarks at the White House.

‘There are a few COVID-19 related exceptions, so that people aren’t forced to choose between their basic safety and a paycheck, but otherwise, that’s the law,’ he added.

Biden didn’t say specifically what he meant by a ‘suitable job’ but noted companies that ‘provide fair wages and safe work environments’ will ‘find plenty of workers.’

Is he not paying attention? His own policies are causing the worker shortage.

Originally posted on Your Survival Guy.

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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