(RightIsRight.co) – Demonstrating that as a career politician who has never owned and operated a business, he has no clue about how business works, Joe Biden made a statement during the State of the Union address to the nation last night that would be laughable if it wasn’t so wrong as to border on being criminally stupid.
You can watch the video of his wrongheaded statements below.
Keep in mind, as every labor expert and person in business will tell you, labor costs for American businesses that employ American workers are between 25% and 75% of the creation of all goods and services. Most skew to the 75% side of the scale.
Yet, last night, at one point during his speech when he was discussing the historically high inflation that is crippling American workers and eating away at their wages, Biden stated:
“‘We have a choice,’ Biden said. ‘One way to fight inflation is to drive down wages and make Americans poorer. I have a better plan to fight inflation. Lower your costs, not your wages.'”
Of course, the reality is that American businesses are already looking for everywhere they can reduce costs and are increasing wages, not lowering them.
So, as we said at the top, as a career politician who has never owned and operated a business, Biden has no clue how business works.
After you watch the video of Biden below, please email [email protected] and share your opinion about Biden calling on businesses to “lower your costs, not your wages.” Thank you, and have a good day.