Radical Left Says Small Businesses Are No Good
Rep. Ro Khanna (D-CA) told CNN in an interview on Sunday that he and presumably other Democrats “don’t want low-wage” small businesses as he advocated for increasing the minimum wage. “We don’t want low-wage businesses,” he said when asked if mom and pop shops should be forced to pay employees more. “I think most successful small businesses can pay a fair wage.”
“Well, of course, large businesses like Amazon and McDonald’s, for example, can and perhaps should pay more, but I’m wondering what is your plan for smaller businesses?” CNN’s Abby Phillip said. “How does this in your view affect mom and pop businesses who are just struggling to keep their doors open, keep workers on the payroll right now?”
“Well, they shouldn’t be doing it by paying people low wages,” Khanna said. “We don’t want low-wage businesses. I think most successful small businesses can pay a fair wage.”
Of course, Ro Khanna has never run a small business. He’s a Yale-educated lawyer and college lecturer who happens to be extraordinarily wealthy because he married into money. Ironically, given his latest comments, Khanna lectured on economics. Presumably, he told his students to marry a wealthy woman since that seems to be how he got ahead.
However, his comments are extraordinarily arrogant and foolish as anyone who has taught economics should know. Many of the large businesses that can afford higher wages today because of their success didn’t start out that way. Moreover, a higher minimum wage means fewer businesses survive, fewer people get employed, and inflation escalates. Worst of all, it’s the government telling an employer and an employee that agree to a price for doing a job that they can’t make that transaction. If an employer is offering a wage and you are willing to work for that amount, why shouldn’t the two of you be allowed to engage in that voluntary transaction?
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