Posted on 05/03/2014 6:06:04 AM PDT by Malone LaVeigh
If Seattle succeeds in raising its minimum wage to $15, the city will suffer.
(Excerpt) Read more at slate.com ...
“Eventually, all of the businesses requiring min. wage employees will be located 100 yards outside the Seattle city limits.”
That may not be far enough away.
Think of ‘Escape from Seattle’ and the city becoming a rotting cesspool of buildings, druggies and whining liberals.
http://www.freerepublic.com/focus/f-news/3151710/posts
Unemployment Drops to 0% as Last Worker Leaves Labor Force
The People’s Cube ^ | May 3, 2014 | Opiate of the People
Posted by 4Liberty
Comrade Barack Obama today became the first to achieve a milestone coveted by enlightened central planners everywhere when the Bureau of Laborious Statistics announced the much-followed totally-meaningless “headline” U3 unemployment rate for last month was ZERO PERCENT! This means that the glorious economic recovery he engineered after the disastrous Bush years has now attained FULL EMPLOYMENT!
It is a tribute to Professor Obama that he was able to find the Holy Grail which eluded history’s greatest economic thinkers such as Lenin, Stalin and Mao. This landmark achievement along with his establishment of free healthcare for everyone via the Affordable Care Act cements his reputation as the Greatest Leader in this or any other universe for all time.
The dramatic moment occurred at 12:03 PM, four weeks to the day after Lyman Yilk, a pipe-fitter from Bittcling, Pa, finally gave up looking for work. Mr. Yilk has been unemployed since 2005 but was on a celebratory bender since the day after Mr. Obama’s first election and did not know that the Keystone Pipeline (which Mr. Yilk was hoping to find work on) had been cancelled due to environmental concerns. When he finally sobered up four weeks ago and learned the project was dead, he abandoned his search to find a job.
Mr. Yilk was the last worker to leave the labor force and turned the lights out as he left. According to the BLS definition:
Quote: U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks. Without Mr. Yilk, there was no one actively looking for work any longer, hence the U3 rate was now ZERO PERCENT, praise Obama!
Gloom-and-doom naysayers were quick to note that the labor force participation rate had also dropped to zero percent which (according to them) was not a good thing as it meant no one was employed. Comrade Nancy Pelosi countered their racist, straw-man argument brilliantly by observing that it also meant no comrade was any longer “job-locked” and each was free to be an artist, writer, hooker, etc, and pursue their passion.
“There is no underestimating this tremendous achievement of Barack Obama” said Paul Klugeman, an expert on hiding declines and fudging economic statistics as well being the self-proclaimed “Conscious Liberal”. “Comrade Obama has achieved the socialist dream of freeing all of The People ™ from the slavery of work and permitting them to live off of someone else’s dime as god, if he existed, would’ve wanted.”
Dr. Klugeman was asked if a problem would arise due to the fact that since no one was working, there would also be no one to pay for the benefits that all the non-workers were collecting.
“Nonsense”, he proclaimed. “The Fed will simply print money for artists and writers and hookers to use to buy things from China! What could go wrong?”
It seems so simple now, it’s a wonder no one ever thought of it sooner.
“The genius of Dear Leader Barack Obama lies in his simplicity”, said Dr. Klugeman.
We agree.
http://www.freerepublic.com/focus/f-news/3151710/posts
Unemployment Drops to 0% as Last Worker Leaves Labor Force
The People’s Cube ^ | May 3, 2014 | Opiate of the People
Posted by 4Liberty
Comrade Barack Obama today became the first to achieve a milestone coveted by enlightened central planners everywhere when the Bureau of Laborious Statistics announced the much-followed totally-meaningless “headline” U3 unemployment rate for last month was ZERO PERCENT! This means that the glorious economic recovery he engineered after the disastrous Bush years has now attained FULL EMPLOYMENT!
It is a tribute to Professor Obama that he was able to find the Holy Grail which eluded history’s greatest economic thinkers such as Lenin, Stalin and Mao. This landmark achievement along with his establishment of free healthcare for everyone via the Affordable Care Act cements his reputation as the Greatest Leader in this or any other universe for all time.
The dramatic moment occurred at 12:03 PM, four weeks to the day after Lyman Yilk, a pipe-fitter from Bittcling, Pa, finally gave up looking for work. Mr. Yilk has been unemployed since 2005 but was on a celebratory bender since the day after Mr. Obama’s first election and did not know that the Keystone Pipeline (which Mr. Yilk was hoping to find work on) had been cancelled due to environmental concerns. When he finally sobered up four weeks ago and learned the project was dead, he abandoned his search to find a job.
Mr. Yilk was the last worker to leave the labor force and turned the lights out as he left. According to the BLS definition:
Quote: U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks. Without Mr. Yilk, there was no one actively looking for work any longer, hence the U3 rate was now ZERO PERCENT, praise Obama!
Gloom-and-doom naysayers were quick to note that the labor force participation rate had also dropped to zero percent which (according to them) was not a good thing as it meant no one was employed. Comrade Nancy Pelosi countered their racist, straw-man argument brilliantly by observing that it also meant no comrade was any longer “job-locked” and each was free to be an artist, writer, hooker, etc, and pursue their passion.
“There is no underestimating this tremendous achievement of Barack Obama” said Paul Klugeman, an expert on hiding declines and fudging economic statistics as well being the self-proclaimed “Conscious Liberal”. “Comrade Obama has achieved the socialist dream of freeing all of The People ™ from the slavery of work and permitting them to live off of someone else’s dime as god, if he existed, would’ve wanted.”
Dr. Klugeman was asked if a problem would arise due to the fact that since no one was working, there would also be no one to pay for the benefits that all the non-workers were collecting.
“Nonsense”, he proclaimed. “The Fed will simply print money for artists and writers and hookers to use to buy things from China! What could go wrong?”
It seems so simple now, it’s a wonder no one ever thought of it sooner.
“The genius of Dear Leader Barack Obama lies in his simplicity”, said Dr. Klugeman.
We agree.
Also, you should soon see more skilled employees from outside Seattle applying for work...which will cut the number of entry level jobs available for the poor.
Anyone notice that Venezuela just raised its minimum wage by 30%..
Maybe it is time for those advocating for an unjustified increase in minimum wages to show us how adept they are in identifying sources of additional income to pay for the higher wages.
Where are the journalists to ask these simple questions? It will certainly smoke out the elected officials on their sheer ignorance of basic economics and free enterprise.
The sheer and absolute ignorance is appalling, as is the apathy of the low knowledge voter.
Do any of our schools teach anything about the economics of free enterprise?
This is actually a good thing, and I hope Seattle does pass the $15 minimum wage. We know what will happen...it will be an up front in your face failure of the idea that government knows how to set wages.
Let them do this, and let them accept the consequences.
Things’ll be getting interesting there soon enough.
Let’s just hope the people wise up and don’t just demand an even higher wage (you know, like they’ve been doing, even though each raise is supposed to bring long-term prosperity).
“Do the socialists have a clue on what are the economics of free enterprise?”
No. The new gal on the city council (Socialist party) was talking about this. She argued that the waiters would still get tips. Something like “Because the owner will be paying the higher wage. They don’t pay the tip - the patron gives the tip.”
The conservative talk-show guy was going after the point that she just wants to punish the owner. I was yelling at the radio “The owner doesn’t pay the waiter - the customer ultimately does!!”
A local pizza restaurant closed up - the cost of ingredients was going up and up. And the price got too high, and people couldn’t afford to go there as much. And the owner was saying how when he had to raise his minimum wage, he had to raise the other’s pay as well as incentive. (And raise the price of pizza).
A year later that spot is still empty on the little strip mall.
bet that is one side of the story the stinking leftist don't think about...tips....I would bet that tips make up a substantial amt of waiters money, a lot of it not taxed, and now, there will be no tips, at least not from me, and all their wages will be taxed...
but not me...I'll not spend the extra money....its already over priced and I've seen Seattle...
do I feel bad for people making poor wages?...yes I do...that's why I tip well....
but I "bagged" apples as a kid and picked apples as well, on ladders....very little pay but it was money that I needed, wanted...
So if they raise the minimum to $15 a hour then they would be making more, so no tipping necessary!
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