Bernie Sanders showed up at the Walmart annual stockholders meeting today demanding the company pay a living wage of $15/hour. His reasoning was because "Walmart can afford it".

To a Democrat Socialist, that is all that matters. A cursory top line view that says if profits are high, pay higher wages. But, basic business knowledge tells you, that you don't pay all profits from 1 year in new recurring wages. That kills profitability and jobs.

Sanders has no idea about that economic fact. Why? Here is his business background according to Wikipedia:

Professional history. After graduating from college, Sanders returned to New York City, where he initially worked at a variety of jobs, including Head Start teacher, psychiatric aide, and carpenter. In 1968, Sanders moved to Vermont because he had been "captivated by rural life." After his arrival there he worked as a carpenter, filmmaker, and writer who created and sold "radical film strips" and other educational materials to schools. He also wrote several articles for the alternative publication The Vermont Freeman...

So Bernie has absolutely no practical experience or idea what he is talking about. Surprise, surprise. Here is an article this week about what indiscriminately raising the minimum wage in New York City has done to the restaurant and hospitality sector there:

Minimum wage hike leaves bad taste for NYC’s hospitality sector. New York’s restaurant and hospitality sector is preparing for another round of layoffs after suffering the steepest job losses over the last decade. Surging costs are squeezing profit margins faster than barkeeps can pull pints. And nervous owners fear the latest high-profile push by Rep. Alexandria Ocasio-Cortez (D-NY) to raise the minimum wage for tipped employees will, if enacted, trigger more industry layoffs even as businesses introduce labor-saving technology and streamline their services. Following are two WSJ articles in the past few years addressing the business realities of indiscriminately raising the minimum wage: Minimum Wage Reality Check. The city of Baltimore hasn’t had much good luck of late, but maybe it has found some in a mayor willing to break with progressive theology by vetoing a minimum-wage hike. Mayor Catherine Pugh, a Democrat, has rejected a bill that would raise the city’s minimum wage to $15 an hour by 2022. She did so even though she had campaigned in favor of raising the minimum wage, which shows that economic reality can be a powerful educator. She explained her change of heart by noting that raising the rate above the $8.75 an hour minimum that prevails in the rest of Maryland would send jobs and tax revenue out of Baltimore to surrounding counties. The increase would also have raised the city’s payroll costs by $116 million over the next four years when she’s already coping with a deficit of $130 million in the education budget. Her logic is hard to dispute, though progressives are trying. The Evidence Is Piling Up That Higher Minimum Wages Kill Jobs. The movement to raise the federal minimum wage has become ever more ambitious. In 2013 proponents deemed $9 an hour acceptable; today the demand is for $15. Economists point to a crucial question: Will a higher minimum wage reduce the number of jobs for the country’s least skilled workers? President Obama says “there is no solid evidence that a higher minimum wage costs jobs.” On the contrary, a full and fair reading of the evidence shows the opposite. Raising the minimum wage will cost jobs, particularly those held by the least-skilled. Paying a living wage is a good thing. Paying $15 per hour for a person to take 3 hours making a $6 hat, (do they math) is not a good basic business strategy. Welcome to Business 101 Bernie.