Posted on 07/26/2016 5:13:13 PM PDT by RoosterRedux
Trump is morphing into Bernie.
One word:
“TRIANGULATION”
Look it up. (Worked to re-elect Slick in ‘96)
“There should be no minimum wage. It kills jobs.”
Exactly right.
The market wage is whatever a particular employer would willingly pay a particular employee. In the market both sides of a transaction must be desirable or the transaction will not go forward. If the employer is forced to pay more than he would willingly pay (more than the market wage), then the employer will choose not to go through with the transaction and find alternative solutions.
Every alternative solution involves the overpaid employee losing his job, and either being substituted with increased hours for an employee who is not overpaid, substituted with automation, or avoided by scaling back or going out of business.
In all cases, the worker who is paid more than he is worth on the market will soon lose his job, unless the government makes it illegal to lay off a minimum wage earner, which would be the next logical step in tyranny.
Having said that, I applaud Trump for using the “let the states decide” deflection. Between Trump and Clinton, there is no doubt who is the more free market capitalist, and therefore Trump has nothing to be gained and much to lose politically by presenting free market puristism, now that he has secured the nomination. By deflecting “gotcha” questions designed to brand him as a free market puristist, a social conservative, a war monger or xenophobe, he may yet benefit from some Bernie crossovers and independent and moderate support. He already has the conservatives, other than the butt hurt #neverTrumps - he doesn’t need to prove how conservative he is to get elected (although I hope to God he proves it once in office!).
I think Trump well understands the law of supply and demand, and the fact that attempting to thwart that natural law is a large part of what got us into this twenty trillion $ mess. But he also understands he can’t Make America Great Again by edict or with lectures on supply and demand theory. He has to win the Presidency, then make a series of good deals by winning a lot of political battles. Being open and direct is not always the most effective way to deal.
I don’t know how Trump will do as President, but I’m really looking forward to watching him give it a shot.
Wage laws do not alter human productivity. Because there are additional expenses beyond the official wage rate you’re essentially outlawing the trade of time for labor by the least capable workers. Those who can’t produce the $20+/hr of value the law insists, they will simply be unemployed (and turn to the black market). Entrepreneurs will be forced to spend more on capital goods than labor, to augment the remaining labor pool. Then politicians will demand more welfare to assist the freshly unemployed...
Or min wage is to low to get them out of their hammocks.
Raising the minimum wage doesn’t create any jobs. On the contrary, it precludes them by law for not meeting the arbitrary benchmark established by a third party entirely ignorant of the work to be performed and its value to the supplier and consumer.
If you think people are too richly rewarded by the welfare state for staying in their hammocks, making it illegal for them to work doesn’t change anything positively.
Get rid of the welfare and get rid of the laws that preclude market determined wages. Insofar as they are ‘effective’, wage floors can only create additional unemployment by preventing trade that would have otherwise taken place.
Around here, accusing someone of supporting Cruz is the greatest insult imaginable.
You accused me of supporting Cruz. Your are dead to me.;-)
You accused me of supporting Cruz. Your are dead to me.;-)
Touche`
I'm sure I deserved that. It would have been better to just point out that Trump's opinions on minimum wages seemed to be in line with the 10th Amendment and left it go at that.
My sincere apologies.
I have been a Trump supporter since he threw his hat into the ring...and have grown increasingly to see how loathsome Cruz is.
Have a great day.
You too.
If we can secure the border, wages would go up naturally.
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