Posted on 02/18/2014 5:10:32 PM PST by SeekAndFind
Point Seven. All wages, prices, salaries, dividends, profits, interest rates and forms of income of any nature whatsoever, shall be frozen at their present figures, as of the date of this directive.
Government experts know best, after all. Because the current government is a paragon of economic propriety. Everyone in the press says so...well, they've been told to, anyway.
In addition, government can lower taxes to help create more jobs. After all the pain should be shared, right Mr. Obama!
*
40 hours work at $7.25/hr = $290
29 hours work at $10.10 = $292
Coincidence ?? NOT
Obozocare is taking the workweek down to 29 hours for many minimum wage employees. Gotta pay them the same since the King says so!!!
According to Wikipedia, Jason Furman’s life has been spent in academia, think tanks, politics, and government jobs — none of it in a productive business or even in a managerial role. He knows what real businesses do the same way Susan Rice knows that a film caused Benghazi.
Dream on, Marxists.
Gee, at one time not too long ago the title would have been considered satire....
Sole proprietors may find that it’s easier closing the doors and investing rather than get weak returns along with all the problems attending commerce.
Why not $1010 an hour?
Why not print enough money for us all to be millionaires?
Obama does not even have the slightest clue about how business works. Those who run a public company have a fiduciary duty to maximize profit. Choosing to make less profit intentionally is actually a crime.
Granted, they have discretion about how many employees are needed, but businesses are by nature profit-seeking entities. The number of employees is driven primarily by what makes the most sense when it comes to the bottom line.
Hey... Freepers wanted this guy and now they got him. Since no conservative will ever be “pure” enough... We should just get used to more of this. Cry me a river. I’ve got enough food and ammo to survive to the other side of whatever happens.
The tipping point has passed. Obama’s reelection was all you need to know that the number of takers now outvote the number of makers. There is no way home. There is no recovery from here. The only way out is through. The future is only after the fall.
I say before any national minimum wage increase is instituted they should try it for two years in individual states and see what happens. Pick 10 at random and eliminate the minimum wage. Leave it alone in 10 and raise it to $10.10 in 10.
After 2 years I bet the net effect economically in the 10 with no minimum is better than the other twenty.
The states are supposed to be the incubators of change so that’s where you try these ideas.
Of course it will never happen because the minimum wage is a politician’s dream law. Legislate an apparent benefit that you don’t have to pay for.
You have it right.
So, you increase a poor worker’s wages by less than $100 per week, increase his electricity costs by $80 per week, increase his travel costs to get to work by about $30 per week, increase his food costs another $20 or so, and make him/her think you’ve done him/her a favor. And don’t forget the increase in health care costs.
Sheesh!
Sheesh, the Whack-a-Doodle Administration at the helm. This is just effing unbelievable!
And inflation is regressive—the poorer you are, the more it hurts. Rich people don’t really care if the price of food goes up. Why isn’t anyone pointing this out to the Obamafreak? I’ll tell you why. Because he doesn’t give a rat’s patootie about the poor.
Obamunist bump for later.........
A company is formed to make money.
Anything that isn’t toward that goal is waste.
Giving profit away is stupid. Companies don’t exist for the benefit of employees; employees are there to make the company money.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.