Posted on 04/15/2014 10:56:11 AM PDT by Starman417
Elizabeth Warren (D-MA) views income inequality as a moral issue that governments should address. Warren also says that a minimum wage increase is needed to stop income inequality. She equated the minimum wage to income inequality. Warren said that concentrated wealth as the result of a rigged system that funnels the gains from workers' productivity to their bosses, who suppress minimum wages.
Isabel Sawhill, co-director of the Center on Children and Families at the Brookings Institution, about a minimum wage increase: "It will reduce inequality."
Dear Leader Barack Hussein Obama loves the idea of income inequality. Obama says "I take this personally." In his State of the Union speech, Obama called for an across-the-board increase in the minimum wage to $10.10 from $7.25.
Those at the top have never done better. But average wages have barely budged. Inequality has deepened. Upward mobility has stalled. The cold, hard fact is that even in the midst of recovery, too many Americans are working more than ever just to get by, let alone to get ahead. So our job is to reverse these trends.
About the minimum wage, Ben Carson of The Washington Times says:
Many hope that through a simple declaration, the poor can be elevated to a higher social status. Such people fail to realize that pay is associated with value - otherwise, we could just pay everybody $1 million a year and let everybody be rich. In a capitalistic society, those individuals who produce the wherewithal to obtain income tend to be paid quite handsomely, while individuals who don't generate significant income are paid accordingly. [emphasis mine]
So, it all comes down to value. That inescapable truism applies to both the minimum wage and to income inequality. All the harping by Progressives/Liberals/Democrats (P/L/Ds) will never change that fact.
As reinforcement, consider this statement by W. James McNerney, chairman of Boeing, and chair of Obama's Export Council:
In many cases, if the workers are not productive commensurate with increased labor costs, we'd move to places where cost is commensurate.
How plainly can the value concept be presented? Still, P/L/Ds argue that legislating an increase in the minimum wage will have no effect on employment.
Carson hit upon another issue that Obama abhors: "a capitalistic society." Obama cannot overturn the laws of economics, so he is trying to overturn our capitalistic society and replace it with socialism. And, so far, with the help of Democrats, a majority of voters who cannot/will not function in our capitalistic society, and the MSM, he is succeeding.
The minimum wage and income inequality have become inextricably linked. And they have become political tools. "The Obama administration [will push for] ... a minimum wage increase and a campaign against what Democrats call 'income inequality'."
What, then, is income inequality? It is "The unequal distribution of household or individual income across the various participants in an economy. It is often associated with the idea of income 'fairness'. It is generally considered 'unfair' if the rich have a disproportionally larger portion of a country's income compared to their population." [emphasis mine] So, income inequality, like fairness, can be anything P/L/Ds define it to be. And a relief for income inequality can be achieved only, according to P/L/Ds, through social justice. This five minute video about social justice by Johah Golberg is well worth your time.
What causes income inequality? From Warren L. Dean Jr., an adjunct professor of law at Georgetown University Law Center, we get these reasons
(Excerpt) Read more at floppingaces.net...
What these idiots want is NOT income equality, but a total destruction of the economy. They just can’t be all that stupid.
Who is going to start a business when they KNOW it will fail because of higher prices?
In essence, that is what capitalism is all about. The worker, should they be so inclined, can create their own business and thus create wealth. Suppression of a minimum wage is simply good business sense. The desire is to pay well for qualified and loyal employees. Not have an intrusive government dicatate the business. Something they are woefully inadequate at doing.
Ok, Elizabeth, send me a check.
bkmk
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