Posted on 07/26/2009 2:32:55 PM PDT by grey_whiskers
You mean like pricing third world immigrants who have no skills out of the market? Sounds good to me. If you think decent wages hurt this country so much, then why don’t you offer to take a pay cut. Get all your friends together to offer to take a pay cut, give what you think is necessary to your boss after you cash your pay check. The fact is, rise in minimum wage has never correlated to a rise in unemployment.
http://www.miseryindex.us/urbymonth.asp
As a case study, lets go from the beginning of 1950, where the minimum wage was 75 cents, to October of 1997 where minimum wage was 5.15. Unemployment went down from 6.5% to 4.7%. And the places in between where unemployment above above the 6.5% figure were not correlated to a minimum wage increase, but to other economic events.
Why shouldn’t the minimum wage be $75 an hour? We’ll all be earn above average. /;?)
By the way, he has worked there three years, part time and through raises been over min. wage, until yesterday when he once again is making the exact same amount as someone hired last week. So much for experience.
Min. wage may not cause "unemployment", but it sure as hell just increased the amount of workers making min. wage!
THANKS CONGRESS
Ok, then get your son and his buddies at his job to cash their checks and give what they think is appropriate to their boss, who will probably use the extra money to pay the illegals that clean his house or do his lawn or build an addition to his house. That is the American way.
I hope anyone who goes into business has that in mind - but as Robert Burns put it, ""The best laid schemes o' Mice an' Men, gang aft agley."What happens then? Does the would-be businessman sell out at a loss, and just get a job somewhere again with his savings wiped out? Or does he soldier on, struggling to make ends meet and continue employing both himself and some employees at poor wages rather than throwing all out of work? The latter is what happens in the real world, and it is small businesses which create most new jobs. You can certainly prevent small business formation by increasing the risk of trying to start one, but that is hardly a solution to unemployment OR low wages.
Luke 11:46
And he said, Woe unto you also, ye lawyers! for ye lade men with burdens grievous to be borne, and ye yourselves touch not the burdens with one of your fingers.
On what historical and factual basis are you saying that a hike in the minimum wage causes a rise in unemployment in the small business sector? Because unemployment numbers don’t indicate it.
http://www.miseryindex.us/urbymonth.asp
As a case study, lets go from the beginning of 1950, where the minimum wage was 75 cents, to October of 1997 where minimum wage was 5.15. Unemployment went down from 6.5% to 4.7%. And the places in between where unemployment above above the 6.5% figure were not correlated to a minimum wage increase, but to other economic events.
...an increase in the federally mandated minimum-wage up to $7.25 per hour.Thanks grey_whiskers.
Mo’Pie is always good...;0)
Minimum wage increases from $6:55 to $7.25; this will motivate all hourly workers to expect at least a 70c/hr increase, to maintain their separation from the entry-level employee.
For 2,000 hours/year, that’s $1,400 more for each and every employee. An employer with 10 employees can solve this problem by reducing employees from 10 to 9, thus maintaining the same payroll cost. Of course the remaining 9 employees are expected to do the work previously done by 10.
So, separate from other economic pressures increasing unemployment, we can thank Congress for potentially increasing unemployment by 10% with the stroke of a pen.
...and gee, thanks.
>> You mean like pricing third world immigrants who have no skills out of the market?
Sorry, doesn’t work. Look around: 1/Wally*Mart stuffed with the Chinese and third-world goods we all buy. 2/Hard-working South-of-the-Border immigrants all over the place, doing the jobs LAZY welfare recipients wouldn’t do on a bet.
>> why don’t you offer to take a pay cut [?]
Didn’t have to - the marketplace did it for us after 9/11. 40% pay cut. Lost my cushy retirement from the airline. Besides that, I retired 5 years ago.
>> The fact is, rise in minimum wage has never correlated to a rise in unemployment.
Yeah, right. Be sure to tell that to the fatherless (courtesy LBJ’s Great Society programs) kids from the ghettos, dressed up in $200 sneakers and the clown suit of the week (with haircut and jewelery to match) who’re trying to get jobs.
>>http://www.miseryindex.us/urbymonth.asp ... As a case study, lets go from the beginning of 1950 blah blah blah ...
So, since you’ve quoted this three times, is this the only thing on economics you’ve ever read? Or are you a Union operative troll? Suggestion: Try Milton Friedman’s “Free to Choose” for starters. Or Burton Folsom’s “New Deal or Raw Deal” (about Hoover’s and FDR’s economic policies).
You don't understand how it works. You may bake a pie; in fact, you are mandated to bake a pie. If you don't bake a pie, how will others enjoy pie?
However you may not eat your own pie; the government will "redistribute" your pie to ensure fairness.
Oops! You’re right! Guess I’ll have to bake one in secret.
That is the only source i need to debunk the bogus claim that minimum wage causes unemployment.
I think plenty of Americans would work in fields, or in a food processing plant or as construction workers or landscapers if they would get paid a decent wage. But they have to compete with third world labor. I think there are plenty of unemployed that would work if the illegals weren’t here cheapening the labor pool and working for such low wages. You are right, most americans won’t work for 3 bucks an hour because they were raised in a western society to have decent living standards.
Good for you, sure you would have done the same thing if 911 didn’t happen. But on that note, still tell your buddies in the airline industry to lobby for a cut in wages, i’m sure management will oblige. Or if they don’t, have them cash their checks and send them to the CEO(the part they don’t want).
There is a difference between the chronically unemployed that you speak off who wear chains and fancy shoes and Americans who did the jobs illegals did for many years and the millions who worked in manufacturing who lost their jobs from through Free Trade.
>> I am 18 years old and in California but am moving to Texas for college.
Not to be a republican at 20 is proof of want of heart; to be one at 30 is proof of want of head. (Attributed to François Guizot)
Good piece, g_w, but not enough gloom towards the end...I want to feel really, really bad after reading stuff like this!
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