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Bill Gates: Big Minimum Wage Raises Can Destroy Jobs (Video)

Written By : Duane Lester
January 22, 2014

I doubt that lefty Mika was expecting this answer from Bill Gates:

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“Within certain limits, it doesn’t cause job destruction, but if you really start pushing it, then you’re just making a huge tradeoff,” Gates said on Morning Joe. “You have to say which are the households that end up benefiting: Is it much more the teenager in a wealthy household or is it that household in poverty?”

“A lot of the problem there is that those people don’t have many hours. It’s not the actual wage level,” he added.

I love the whole, “Costco model” Mika mentions, like paying employees higher than minimum wage is totally unique to Costco.

Wait? Other companies do this too? Who knew?

Wait? Other companies do this too? Who knew?

It isn’t. All that statement did was expose Mika’s ignorance on the subject.

See also:  Greta Van Susteren recounts administration’s shocking attempt to persuade her to kill Benghazi coverage

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