[WmShirerAdmirer]

Also See "Funding Liberalism With Blue-Chip Profits"

http://www.freerepublic.com/focus/news/1688616/posts?page=1

[JHBowden]

What sucks is that they don't want to get it.

I've explained to Democrats I know many times about how minimum wages put people out of work, how government subsidies raise the price of goods in a market and so forth, and they simply don't want to believe it.

Leftists are all heart and no brain. I wish they'd consider that policy that logically hurts real people isn't compassionate.

[MrEdd]

Sun rises in East...

[Cobra64]

The concepts in Economics 101 are common sense and tie to individuals' everyday life.

Both of my children majored in Business and Economics. When they hear a lib whining to raise taxes, thus confiscating more of labor, they throw things at the TV.

A tax is a confiscation of labor.

Any of you FReepers who have kids still in school, I'd strongly suggest that your press them to take at least two Economics courses. There is NOT a lot of math involved. Some simple algebra to illustrate supply and demand curves and intersects. Anyone who understands economics, will have a strong foundation in understanding their personal finances and what motivates a business to compete and grow. These concepts roll right into Marketing.

It's not rocket science.

/lecture

[Ouderkirk]

Bottom line is if you're making %.15 / hour you're doing something wrong...and basically you're too stupid to be making more than that.

Consider a raise in the minimum wage as a tax increase. it will raise the earnings of a lot of teenagers who live with their parents into the ranks of w-2 tax filers who actually paid taxes instead of having their withholdings returned to them.

[CPOSharky]

Demonrats think corporations pay taxes. Talk about stupid.

(Of course they think we are the stupids and don't know better.)

[CougarGA7]

As I have tried to explain to liberal friends in the past, Democrat tax policy only works if whenever someone makes a dollar they CREATE that dollar, and whenever someone spends that dollar, the dollar is DESTROYED.

But that's not how money works. Smart tax policy encourages the same dollar to change hands more often.

This reasoning seems so basic and sound to me and yet they still cant see it. /shrug.

[TASMANIANRED]

Also artificially raising minimum wage is inflationary.

It cuts into every dime that people have managed to save..

[okie01]

Democrats aren't even honest enough to tell you the real reason why they want to increase the minimum wage.

It has nothing whatsoever to do with "helping out the working poor". Instead, it has to do with giving all the union labor whose contract is tied to a multiple of the minimum wage a hefty increase.

Thereby increasing the dollars the unions will contirubute to the Democrat coffers, of course.

[Alia]

The author of this article is so, very, right.

They’re the ones who stand to be hurt most when an increase in the government-mandated wage rate does what it always has—make people with lesser job skills more expensive to employ than the value they give in return, and therefore expendable

MAJOR BINGO. You know, I've always wanted to directly ask a Democrat, using the fearmongering lie about minimum wage... "If your proposed minimum wage doesn't "happen", are you threatening gang violence, newer waves of thefts of properties?" I'd really just like to ask this very directly, on camera, Actually.

[supercat]

Ignoring the constitutional problems with such a law, imagine that the government passed a law forbidding employers from paying anyone born on a Tuesday less than $50/hour.

Would there be more Tuesday-born people seeking forged non-Tuesday-born credentials, or more non-Tuesday people seeking forged Tuesday credentials?

[Harrius Magnus]

I'd make the unfortunate point that as long as leftists control public schools, the factory of poorly educated voters will continue to hum along, ensuring more blood-letting, "class" warfare, and thus, more liberals in control. It is the perfect, evil, perpetual slavery machine.

[supercat]

In short, the folly of minimum wage increases can be summed up by a simple math problem that any public school student (we hope) could figure out: Will poor workers be better off with a job at a lower minimum wage, or without a job at a higher one?

The only way that minimum-wage laws increase anyone's wages is by eliminating from the marketplace people whose labor output is worth less. The decrease in the number of available workers relative to the number of jobs thus pushes up prices for those workers who remain in the marketplace.

Given a choice between having the government subsidize the pay of people who haven't developed skills and experience sufficient to earn a living, versus forcing such people to receive their entire income from welfare, I'd much prefer the former. Democrat politicians, however, prefer the latter.