Printing currency at the Bureau of Engraving and Printing in Washington. By Andy Puzder April 3 at 3:03 PM Andy Puzder is the former chief executive of CKE Restaurants and the author of “The Capitalist Comeback.”
I found that when government artificially increases wages above the going market rate, employers react by reducing labor costs so they can stay in business. That generally means reducing the number of employees and hours worked . I also found that during periods without meaningful job growth, employees are in the unenviable position of competing against one another for the available jobs.
The Republican tax cuts of 2017 and the Trump administration’s focus on deregulation and domestic energy production have accelerated U.S. economic growth. As a result, employers are aggressively competing for employees, rendering attempts to raise the minimum wage to $15 by 2024 largely moot. The evidence is hard to miss.
The competition for employees is showing up in economic data. In February, the Bureau of Labor Statistics reported that the percentage of Americans with jobs stood at 60.7, the highest percentage since December 2008. The labor participation rate, the number of people working or actively looking for work, was more than 63 percent for the third consecutive month. The last time that happened was 2013 .
AndyPuzder Says the guy who tried to bring the minimum wage at his burger joints down to zero.
AndyPuzder If only govt would quit accepting bribes from big biz to import more foreign workers and drive down wages. Or gave a damn about illegal workers undercutting citizens
AndyPuzder Dems are always fixing last week's problem?
AndyPuzder known friend of workers, Andy Puzder
AndyPuzder Who tf is Andy Putzder?
AndyPuzder Raising wages is superfluous, but giving $$$$$$ in tax cuts to corporations already making record profits isn’t? He cited 3 companies... 3... who say they will boost min wage. What a trickle down! I agree w the problems posed by going to $15, but this argument is absurd.
AndyPuzder Try buying blue chip stock with minimum wage money
AndyPuzder Andy Wife Abusing Pudzer, go away.
AndyPuzder Neither does a tanking economy, so win win for the GOP.
AndyPuzder Specious.
AndyPuzder This piece plus the hit on Bernie make me realize TWP is just a Bezos PR platform. Goodbye credibility.
AndyPuzder So much for trickle down economics...
AndyPuzder Burn. And there’s that Beto clown. What a joke. 🤡
AndyPuzder The wife beater? Not really interested in his opinion, thanks anyway.
AndyPuzder Who benefits the most from a “surging” economy?
AndyPuzder Yeah. That’s how that works. 🙄
AndyPuzder No it doesn’t. All wages need to rise, including the minimum wage. We have 50 years of wage stagnation to catch up with.
AndyPuzder Wow, great opinion. How many more decades of subsistence wages do you recommend?
AndyPuzder Doubtful.
AndyPuzder In which case, efforts to oppose an increase are also superfluous.
AndyPuzder Bullshit.
AndyPuzder Eff you
AndyPuzder This so-called 'surging economy' is a myth. Surging for a few but not for the many.
AndyPuzder HUH?
AndyPuzder Lol.... on the contrary... it should be able to support such an option!
AndyPuzder Where does WaPo keep finding the kind of god damn hacks that can write garbage like this with a straight face lordy
AndyPuzder “also, being healthy makes healthcare frivolous” Wapo, why are you giving your platform to this person? No, seriously. Is it his white penis that charmed you? Or his alleged wealth? His misplaced self-confidence? Because it’s clearly not the quality or the depth of his thought.
AndyPuzder LOL okay bro.
AndyPuzder Bs
AndyPuzder Says another rich white guy who has absolutely no idea what reality looks like for the rest of us.
AndyPuzder The economy isn't surging for minimum wage workers.
AndyPuzder The minimum wage was raised last in 2009; costs have not stagnated in these past ten years... It needs to be bumped up to $15 with annual cola increases. Period.
AndyPuzder Mr. Pudzer ignores economic data to sound marginally informed. Yet, his premise that a wage increase shouldn't happen when times are good leaves out the standard excuse that when times are bad wages can't be increase. Nice try, Andy, but real wage growth has to start somewhere.
AndyPuzder The Democrats are superfluous all together. They need to stop trying to overthrow Trump and do what they are paid to do. Fix America’s problems, not create them.
AndyPuzder Don't think much of your opinion.
JeffreyMeursing AndyPuzder What's superfluous is this bullshit article! Productivity has gone through the roof as wages have stagnated or even gone down for the past 4 decades! Accounted for inflation the minimum wage should be $20/h! Please WAPO, go tell these bullshit stories somewhere else!
AndyPuzder Yes, to the unchecked & deregulated Wall Street & corporate America things have never been better. Not so much for blue collar working stiffs or retirees on a fixed budget. Not for entry level college graduates with education loans. Who’s it good for? Brokers and those w/💰.
AndyPuzder No it does not. No surge lasts forever.
AndyPuzder I fixed it for you: Opinion: Billionaires don’t want to pay their employees a living wage.
AndyPuzder This is a giant load of horse shit. Unless of course a surging economy lowers your rent /mortgage payment and brings down the cost of groceries and college tuition and lowers interest rates and car payments and lowers gas prices. No? Okay... complete horse shit.
AndyPuzder holy fucking shit this is unreal
AndyPuzder Surging economy? No wonder no one trusts media. This is farcical.
AndyPuzder Oh blow me.
AndyPuzder Trickle down is a LIE
AndyPuzder You're worried about non-binding constraints?
AndyPuzder Glad to see that you're including the authors' names in your tweets now... saves me a click.
AndyPuzder Opinion: 🙄
AndyPuzder
AndyPuzder WAPO, you keep falling for neocon kool-aid Thom_Hartmann NickHanauer
AndyPuzder This article is bad and immediately contradicts itself
AndyPuzder Writes Andy Puzder just when economy is running out of surge...
AndyPuzder Superfluous? Really? Try telling that to everyday Americans just trying to pay rent for a 1-2 bedroom apartment. Surging for the top earners maybe. Gimme a fucking break!
AndyPuzder This has me going:
AndyPuzder Good grief WaPo, couldn't y'all just pick someone from your fav deli or the local waste management crew or etc. and give them this space to write about whatev important issue they care about? It'd be so much smarter and more insightful than anything from this yahoo.
AndyPuzder Andy PudEr obviously knows jack shit
AndyPuzder Why are you publishing this wife beater?
AndyPuzder Well, that's a fantastic display of ignorance of basic economics and reality...
AndyPuzder That's a ridiculous argument. What happens when the economy drops, as it inevitably does? AND people should be able to make enough so that they can save for a rainy day. The reason the economy is surging is because people are turning into serfs...
AndyPuzder Written by someone who has never tried to survive on a minimum wage.
AndyPuzder Just wait...