The rising Congressional contender looking to flip Rep. Tom Kean Jr’s seat in the House has a plan.
And it’s a very bad plan.
But all the history, analysis, and economic science that says it’s a bad plan hasn’t been enough to convince her.
We’re talking about Rebecca Bennett, and her bid to chase down New Jersey’s 7th Congressional District.
We’re talking about 5.1 MILLION jobs down the drain nationwide, according to some estimates.
Bennett doesn’t just want to take Kean’s red seat and flip it to blue — she wants to come alongside all the other members of Congress who are dead set on hiking the minimum wage as high as $25 per hour.
Her top stated priority as a Congressional candidate is to address the cost of living, as she stated in this clip she shared last week:
The problem is that her number one strategy for addressing the cost of living issues is to simply jump on board the minimum wage bandwagon.
And let me tell you — Rebecca Bennett might just become the Congressional posterchild for the issue, if she does successfully take Kean’s seat.
She is very serious and focused on this issue.
And she might just get the chance to push that issue in the House…
Considering the recent polling and election forecasters now have her gaining a meaningful edge over Kean:
The House legislation for a national minimum wage hike is already prepared, just waiting on her plausible arrival to take up the torch and storm the gates of financial prudence.
A fellow New Jersey Democrat has already helped shape the Living Wage For All Act in advance of Bennett’s potential arrival, which would give Bennett the $25 per hour hike she’s been dreaming of, according to this from Breitbart:
If a big wage hike could exist in a bubble, that would all be fine and dandy.
But that whole ‘supply and demand’ issue, not to mention inflationary forces, certainly are going to demand THEIR say in determining the consequences of such a change — whether unintended, or otherwise.
And Leftists aren’t the only ones clambering to raise the minimum wage forcibly.
Conservatives, even Sen. Josh Hawley, has been chomping at that bit for some time:
It’s a dangerously tempting bit of legislation…
If one fails to soberly account for REAL WORLD economic realities.
And the realities of the $25 dollar and hour baseline have been examined and researched at length recently by researchers at the Employment Policies Institute, as reported this past weekend by Fox News:
That’s a lot of lost jobs just to raise the price of a burger by $10 bucks. (I meant that sarcastically when I typed it, but it’s funny because it’s TRUE!)
But let’s take a quick peak back at someone who WAS a true economic genius, and see what HE had to say about the part minimum wage laws play in POVERTY.
Here’s a clip of economist Milton Friedman in 1979 — the year I was born! — fielding an antagonistic question that ends up right at the heart of this issue:
Here’s a full screen version of that clip for easier viewing:
And I want to reiterate and amplify the key takeaway from Friedman’s answer to the general poverty issue from that clip.
The problem wasn’t merely poor education and a minimum wage that was set too low when it comes to the pillars of poverty.
The key problems when it comes to poverty in a nation is specifically GOVERNMENT education (that’s a whole other story entirely…) and minimum wage laws in and of themselves — according to Friedman.
And if you didn’t watch that full clip, go back and check it out. He does a masterful job at explaining the intricacies of those issues in relation to poverty.
But what about the specific numbers we’re facing in America in 2026 and the following years, if those like Congressional hopeful Rebecca Bennett have their way?
Here’s the economic forecast if that happens, according to stats published by EPI:
I know, I know… it’s TOO HARD to make a good living in America right now if you’re anywhere near the minimum wage!
That’s not a Democrat talking point — that’s REALITY.
Someone has reportedly done the math, coming out with these numbers; which sound highly accurate, if you ask me:
Here’s the full text of that post, detailing one estimation of how many hours you need to work in different countries at the US minimum wage in order to escape the poverty line:
In the interest of fairness, there are several variables that make the comparison between these nations incredibly skewed.
Nevertheless, that 90 hour per week estimation necessary to escape poverty in the US if you’re actually making the hourly minimum wage… is probably in the ballpark of extremely accurate.
Here’s the problem.
The true inflation AND DOLLAR DEVALUATION we’re dealing with — not just from the Biden years, but for decades — makes the difference in the hourly wage into barely more than a DROP IN THE BUCKET.
I know; I’m preaching to the conservative choir here, for the most part.
But the real problem isn’t the number of dollars you are receiving hourly…
It’s the fact that each one of those dollars has been incredibly devalued consistently for many, many years!
And then, Rebecca Bennett and her Democrats (and many ‘conservative’ Republicans!?!?) want to hike the required hourly rate and force a double or tripling of wages for millions of Americans within a relatively small space of time!?
That corresponding inflationary and dollar devaluation nightmare I was just describing would become irreparably worse — overnight — if that happens.
Not over decades, but overnight.
Sorry, Mrs. Bennett. But your masterplan for drawing wealth from thin air simply by demanding it appear on the basis of Congressional authority isn’t a viable solution.
Worse — it may very be the final nail in the economic doomsday coffin, if you get your way.
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[ H/T WLT Report ]
