Progressives already knew the positive impact that higher minimum wages have on the economy and how they stimulate aggregate demand. Unfortunately many big corporations like Walmart and McDonald’s (to name just a few) have been systematically opposed to such a therapy. But there is a glimmer of hope for our cause, as some CEOs and influential businessmen show an unexpected empathy for people who have some difficulties to make end’s meat. They do not necessarily raise their employees’ salaries right now, but at least they feel no shame about showing their progressive views in the accredited media and addressing the concerns of those who fear that a mandatory wages hike for all employers who use cheap labor could harm the economy.
John Betts, president of McDonald’s Canada, said recently that a $15 minimum wage shouldn’t be a concern , and two provinces (Alberta and Ontario) have already decided to go forward. Although M. Betts is not as much vocal than Mark Zuckerberg, who is an active promoter of a universal basic income , he is not alone to show so much openness to progressive ideas. Jamie Dimon, from JP Morgan, showed once again his philanthropic nature by announcing a pay rise for his minimum wages workers  while Bill Phelps, the owner of a big fast food chain, is also enthusiast about raising the minimum wage  . The record is probably owned by Dan Price, the owner of an IT business, who announced that the minimum wage for his (white collar) employees would be $70,000 per year , which should be seen as a sufficient beginning for the universal basic income as well.
The main opposition to a $15 minimum wage comes from selfish, whining, small entrepreneurs, who claim that this could boost inflation or drive them out of business. If it was so true, wouldn’t we expect Jeff Bezos to share their concerns? First, there are good indications that using more robots (at least for those who can afford the initial investment of 35K per robot) can be cheaper than paying $15 per hour over a period of five years . Already in Asia, such robots are used to serve meals and tactile screens replace the cashiers.
Amazon is also a pioneer, as one of their employees over 7 is actually a robot . One shouldn’t be too concerned about lost jobs, as the universal basic income will allow former low paid employees to spend more time on Facebook, the Accredited Times, and fight for progressive causes. The more our government makes the slogan “Faulheit Macht Frei” his own, the more we will see millions of new SJW embracing the doctrine defined by our leaders and becoming their foot soldiers in order to get their well deserved food stamps. Only Anon and his buddies will encounter some problems to get their chocolate rations due to a permanent computer glitch.
The elimination of small entrepreneurs will have a positive impact and speed up the advent of a cashless society. The disparagement of small, noncompetitive restaurants and groceries may lead to restricted product choices, but consumers will ultimately benefit from this. Indeed, the lack of competition will allow big fast food chains to focus more on improving the quality rather than to reduce the portions or quality in order to offset their losses caused by their competitors. Even if some cast doubts on food of a dubious quality, or the lack of diversity, perhaps the next Jeff Bezos will run a giant vegetarian chain stores that accept only accredited digital money?