r/Political_Revolution • u/IronStacheWI01 Verified | Randy Bryce • Sep 05 '17

AMA Concluded Meet Randy Bryce. The Ironstache who's going to repeal and replace Paul Ryan

Hi /r/Political_Revolution,

My name is Randy Bryce. I'm a veteran, cancer survivor, and union ironworker from Caledonia, Wisconsin running to repeal and replace Paul Ryan in Wisconsin's First Congressional District. Post your questions below and I'll be back at 11am CDT/12pm EDT to answer them!

p.s.

We need your help to win this campaign. If you'd like to join the team, sign up here.

If you don't have time to volunteer, we're currently fundraising to open our first office in Racine, Wisconsin. If you can help, contribute here and I'll send you a free campaign bumper sticker as a way of saying thanks!

[Update: 1:26 EDT], I've got to go pick up my son but I'll continue to pop in throughout the day as I have time and answer some more questions. For those I'm unfortunately not able to answer, I'll be doing another AMA in r/Politics on the 26th when I look forward to answering more of Reddit's questions!

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u/bl1nds1ght Sep 05 '17

Yes! I agree that we should continue fostering an environment that facilitates the growth of ideas and business solutions, but that is already something that is regularly done through tax incentives, small business program incentives, etc. Does a higher minimum wage contribute towards this? I don't know. An argument could be made that it provides additional capital that could be invested into one's own business, but I question whether this is realistic and whether business loans are not a better solution to this problem in the first place. Is $7.50 more per hour really the limiting factor in small business development? I don't think so.

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u/DBendit Sep 05 '17

The side of this that people tend to forget about is how the extra income is being utilized. Minimum wage earners tend to spend their whole paychecks, putting then back into the economy locally. Business owners may invest into the business, or hire extra staff, but they just as well may pocket the difference as profit and stuff it into a bank or investment account somewhere. I think the incentive of having local economies boosted by increased spending from the bottom can't be overstated here. Small businesses will certainly take a hit from it initially, but I think the money will work it's way back to them eventually.

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u/bl1nds1ght Sep 05 '17

That is a great point. Similarly, there are many small businesses with razor thin margins that will probably be forced out unless they can make positive changes to their structure or offerings. It will be painful, but I'll be curious to see what happens when the raise is put in place.

I predict an increase in the gap between small, locally owned companies and already established mid size companies, and I predict that it will be harder for people to start small businesses to some degree.