Posted on 02/19/2014 5:35:07 AM PST by SeekAndFind
But the White House issued a statement saying “they are wrong”. So I guess everything is OK.
Vicious Circle ... Once started, is difficult to stop. Inflation or Deflation ... two sides of one coin. No matter on which side the coin lands ... Huge Losses.
These are just "job-locked" workers, yearning to breathe free, free from the shackles that bind them to their meager paychecks. With Obamacare, they need not worry about the day-to-day drudgeries inflicted upon them in their minimum-wage job.
Stupid.
They also offered a solution in the event the CBO turns out to be right - to avoid layoffs employers can accept "lower profit margins". Spoken like world-wise economists.
And after just having completed my 2013 tax returns there is no way for me to describe my contempt for the White House and its attitude.
If they keep this up I don't know who they expect is going to fund their welfare state.
Raising the minimum wage is very popular, it will be interesting to see if this sways any opinions.
The CBO’s range of the number of lost jobs went up to 1 million...
Maybe it would help some of the PACs to run Union stories. For example, “Most of the news your read and TV you watch is produced by members of a UNION. The unions are the biggest contributors to politicians (show chart). Why do you think the folks that suggest to you that business pay more or that wages should be hirer or that there should be more UNION jobs in government - why do this stories get such favorable treatment...UNIONS!!” Then show some fat union bosses at a conference - Tag LINE - Unions they get all the good press.
Ask all of these enlightened scholars in charge, How much more will a Big Mac cost? Who pays for that? They are out to get the evil CEO types, this will have a minimal if any impact on them. It will affect significantly the middle class on down, as most goods and services will go up well into the double digit range. Pray.
Something’s gotta give. You either lose jobs, cut hours, eliminate benefits, stagnate the wages of proven employees, raise prices or all of the above.
“The Public Employee Fair Wage Act”
The concept is simple, nobody is forced to live on minimum wage. Everyone will be paid the same. After all, doesn't fairness require that everyone have a living wage?
Let's use public schools as an example. We take the entire employee wage budget and divide it equally for every employee. Principal to janitor and lunch lady, everyone gets the same ‘fair’ wage.
The janitor and lunch lady will get a nice bump in wages to a very livable $17.28 hr. That would warm the hearts of all the liberals...right?
Too be fair pensions and benefits will have to divided equally too, so everyone will get an Owebamacare ‘Bronze’ basic plan and a pension of $16,437.00 yr after 40 years of service.
With their Social Security check of $14,000 a year they can retire in relative comfort with a tad over 30k a year.
There should be some savings for the schools in money spent bargaining all those union contracts, the whole thing can now be figured out on the back of a napkin over lunch!
That should put everyone safely over the food stamp level so we won't have to read anymore newspaper articles about first year teachers on food stamps. Those were real tearjerkers around contract time every year.
Now we just follow the same plan through every government dept and the liberals will have fair wages for everyone.
Wow....Talk about manipulating numbers.
Raising the minimum wage increases the risk of “job-lock.”
Best leave it where it is now or, better yet, reduce it.
Can’t be too careful, y’know.
Yep, and on Stupid Joey’s show this morning on TV they had an economist that said it would create one million new jobs. Is there any liberal, democrat, commie, socialist idiot economist that has ever had to balance a check book for even a household? Raising the price of labor creating jobs!!!!!!! Gawd, where do these people come from??? Where do they go to school to learn these principles of economics.
My Econ 101 prof was retired head economist for US Steel and he always used “cases of scotch” for the “product” when talking about trade. The principles he taught and these new age ones just do not match up.
George Will had it right. Liberals raise the price of tobacco to cut down smoking, raise the price of gas to discourage driving but can’t see the effect of raising the price of labor.
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.