Posted on 04/18/2015 9:46:09 PM PDT by 2ndDivisionVet
Dan Joseph is on a mission. Who supports a $50/hour minimum wage? What better place to put forward such a bold initiative than in the free speech zone on the sanctified grounds of George Mason University in Virginia.
(VIDEO-AT-LINK)
Now, while Joseph was able to find a few supporters, some students on campus knew that raising the minimum wage will lead to job losses and increased pricing for some goods. One man called the law racist and he’s not the only one. The late economist Milton Freidman described minimum wage laws as the most anti-African-American law on the books, as he explained in his 1966 op-ed for Newsweek:
Does a merchant increase his sales by raising prices? Does higher pay of domestic servants induce more housewives to hire help? The situation is no different for other employers. The higher wage rate decreed by Congress for low-paid workers will raise the cost of the goods that these workers produce—and must discourage sales. It will also induce employers to replace such workers with other workers—either to do the same work or to produce machinery to do the same work or to produce machinery to do the work.
Some workers who already receive wages well above the legal minimum will benefit—because they will face less competition from the unskilled. That is why many unions are strong supporters of higher minimum-wage rates. Some employers and employees in places where wages are already high will benefit because they will face less competition from businessmen who might otherwise invest capital in areas that have large pools of unskilled labor. That is why Northern manufactures and unions, particularly in New England, are the principal sources of political pressure for higher legal minimum-wage rates.
The groups that will be hurt the most are the low-paid and the unskilled.
…
Women, teen-agers, Negroes and particularly Negro teen-agers, will be especially hard hit. I am convinced that the minimum-wage law is the most anti-Negro law on our statute books—in its effect not its intent. It is a tragic but undoubted legacy of the past—and one we must try to correct—that on the average Negroes have lower skills than whites. Similarly, teen-agers are less skilled than older workers. Both Negroes and teen-agers are only made worse off by discouraging employers from hiring them. On the-job training—the main route whereby the unskilled have become skilled—is thus denied them.
The shockingly high rate of unemployment among teen-age Negro boys is largely a result of the present Federal minimum-wage rate. And unemployment will be boosted still higher by the rise just enacted. Before 1956, unemployment among Negro boys aged 14 to 19 was around 8 to 11 per cent, about the same as among white boys. Within two years after the legal minimum was raised from 75 cents to $1 an hour in 1956, unemployment among Negro boys shot up to 24 per cent and among white boys to 14 per cent.
(VIDEO-AT-LINK)
Nevertheless, Joseph was able to receive more signatures than any other video in which he tried to get folks to support insanely liberal policy initiatives.
(VIDEO-AT-LINK)
That’s totally stupid ... saying there should be a $50 an hour minimum wage. I mean even those who want to drastically raise the minimum wage know that $50 an hour is stupid!
Many employers will train for higher paying jobs if the candidate/applicant has a
solid work history longer than 2-years, and not necessarily with one company either.
As work history goes along they'll find employers looking for longer work histories
with Four years, and Five years, and some even ten years. It's earned.
Giving away the company "Just because" isn't good enough and American business'
will not fall for it. Although some are saying so for political benefit.
Yeah, because every privileged sucker who owns a business can afford to pay $50 an hour. Share the love.
If you read the story I believe that’s the point he’s making by doing this.
At 13, I got $2.75/hr (plus tip) in 1962-3 as a dbl-caddy at a posh NW Suburbs CC in Chicago, and $2.50/hr (plus tips) as a busboy in the evenings, at summer jobs. I worked a LOT of hours and made some pretty darned good money. $50/hr will cause more problems than most people know.
I want cheeseburgers to cost $20 and gas to be $50 per gallon.
Who’s with me ?
I keep getting flashes of my knuckles hitting this guy’s face. And actually the whole passage is too apologetic for me. Poor women, blacks blah blah blah.
Okay, so let’s go with that - then people who make 50 dollars an hour now will want $100 an hour. Or $200. And so on. How does that solve the “problem”? Dummies. If you want to make more money, work hard and learn something and GET A BETTER JOB! How is it that idiot libs can’t comprehend simple logic? I did time at MacDonald’s when I was young. I didn’t want to do it forever. I wanted to do something else. So I did what was necessary so as not to work at a fast food joint for 30 years!!
Im for 75.... This SOB is being greedy. Corporate tool,,,
I say we keep suggesting raising the minimum wage until the stupid people start grasping what is wrong with the concept.
Let's tell them $100.00/ hour. If they don't blink, we say $200.00/hour. If they still don't blink, we say $500.00/hour. We keep going until we hit a billion, then we hit them over the head with a 2x4.
I honestly don't know anything short of violence that will cure the level of stupidity that appears to be running rampant amongst all these lemmings.
We are in the freakin Twilight Zone.
He didn't set the number high enough for stupid people to see it as a farce. Seriously, there are people so stupid that $50.00/hour seems reasonable to them.
Some countries in Europe have minimal wage close to this figure. Guess how much the burger cost there?
Do it. Go $50/hr. Then watch hyperinflation take hold. $50/hr will be the new $5/hr in real buying power.
Some people don’t understand the basic principle at work.
The day that a burger joint has to pay anywhere near $50/hr for burger flippers and cashiers and what not, is the day that you won’t be able to get a job flipping burgers without a college degree in burger flipping.
I want a large piece of that MFer, too. Punk needs a good beating. Typical marxist/socialist/commie utopian pleading BS.
Cool, I could make out well just working one day a week.
Amen. He looks like such a whiny b.tch
Especially in college where they believe when told “they’ll graduate into a 100k job”.
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