Hamburgers cooking on grill

Photo via Guian Bolisay/Flickr (CC-BY-SA)

Dude who doesn’t understand business bashes $15 minimum wage, gets owned so hard

This is not how economics works at all.


David Covucci

Internet Culture

Posted on May 25, 2017   Updated on May 24, 2021, 1:11 pm CDT

Meet Matt Striker.

Matt is not a fan of the fight for $15, a national push to raise the minimum wage to $15 an hour.

Why does Matt feel that way?

He’s concerned. Concerned about the cost of burgers.

If, Matt says, you increase the wages people are paid, the cost of the goods will rise.

Matt is correct.

But Matt is also very incorrect.

How’s that?

Let Matt explain.

Here’s a rhetorical question not related to the minimum wage: What’s the sound of 10,000 Twitter dunks happening simultaneously?

(P.S. If you don’t understand what’s wrong with Matt’s logic, just stay quiet and keep reading and hopefully you’ll figure it out. It’s pretty simple!)

We could go on, and on, and on, because the tweets go on, and on, and on, but suffice it to say, that’s not how economics work.

That’s not how anything works.

Much like everyone who has been owned, Matt denied he’d been owned.

But he had been owned.

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*First Published: May 25, 2017, 2:12 pm CDT