A Democrat representative has his ‘let them eat cake’ moment

[mystery-ak]

February 22, 2021
A Democrat representative has his ‘let them eat cake’ moment
By Andrea Widburg

Before the Democrats weaponized the Wuhan virus against the middle class, small businesses were one of the most important economic engines in America. Now that the Democrats are in charge, they’re making a second strike against small businesses with a proposed $15 minimum wage law -- and Rep. Ro Khanna, a California Democrat, thinks that any small businesses that can’t comply shouldn’t exist.

The U.S. Small Business Administration’s FAQ sheet about small businesses (that is, businesses with fewer than 500 employees) stated that, in 2016, there were 30.7 million small businesses in America, constituting 99.9% of all firms, 99.7% of all firms with paid employees, 47.3% of private-sector employees (60 million people), and 40.7% of the private-sector payroll. From 2000 to 2018, they accounted for 64.9% of new net job creation. Big corporations sucked up the oxygen with advertising, political donations, and name recognition, but small businesses employed Americans.

It's hard to find current numbers on small business closures but, by September 2020, nearly 100,000 small businesses had permanently closed across America. By year’s end, in New York and New Jersey alone, nearly one-third of all small businesses were gone. These closures predominate in Democrat-run states, which embraced lockdowns.

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https://www.americanthinker.com/blog/2021/02/a_democrat_representative_has_his_let_them_eat_cake_moment.html

[PeteS in CA]

Small businesses are too numerous and varied to micro-regulate and plunder.

[Sled Dog]

That's their more difficult to micro-regulate is a minor issue.

The real issue is that most small businessmen don't donate to the Rodents and thus must be punished.

Also, small businesses compete with the mega-corps and those people are perfectly happy to abuse the power of government to shut down the competition.

Example:
McDonald's has come out in favor of the $15 min wage.  Why not?  Their competition, like In-N-Out Burgers and Five Guys, have their reputations staked on processing their products in-house, at the franchises.   They make their own fries, paying someone min wage to cut them up fresh. 

McDonald's makes it's fries by machines in a vast factory.  The McD overhead for making fries is a much smaller part of their costs and by driving up the min wage on their competition they make things tougher for them.

No, Five Guys and In-N-Out aren't "small business", but the principal is the same.   McD's puts the local diner out of business, the local trade is more likely to go get a Big Mac.

[Cyber Liberty]

Small businesses are too numerous and varied to micro-regulate and plunder.

As when O'Bastard got elected, investors are smart to buy into Large Cap growth funds.  Those companies are poised to reap great benefits from the coming heavy regulation, as the large companies drive the smalls out of business.

[GtHawk]

That's their more difficult to micro-regulate is a minor issue.

The real issue is that most small businessmen don't donate to the Rodents and thus must be punished.

Also, small businesses compete with the mega-corps and those people are perfectly happy to abuse the power of government to shut down the competition.

Example:
McDonald's has come out in favor of the $15 min wage.  Why not?  Their competition, like In-N-Out Burgers and Five Guys, have their reputations staked on processing their products in-house, at the franchises.   They make their own fries, paying someone min wage to cut them up fresh. 

McDonald's makes it's fries by machines in a vast factory.  The McD overhead for making fries is a much smaller part of their costs and by driving up the min wage on their competition they make things tougher for them.

No, Five Guys and In-N-Out aren't "small business", but the principal is the same.   McD's puts the local diner out of business, the local trade is more likely to go get a Big Mac.

First of all MickeyD's  is far from being the only QSR to use precut, blanched and frozen fries. In-N-Out has always paid above minimum and attracts, dare I say it, a totally different market than MickeyD's, Carls or B.K. to mention maybe the top three competitors in SoCal. Mickey D's never put a local diner out of business because they are a totally different market. If small businesses are put out of business it will be because of minimum wage increases, which if you weren't aware caused the closure of more than a few MickeyD's when the labor/food costs made it totally impossible for them to be successful in certain markets. Yes competition will force some businesses out, is that a surprise? no it's how capitalism works.