Posted on 06/04/2015 5:03:26 AM PDT by Kaslin
“Any questions?”
Just one.
Why is the los angeles city council stupid?
Actually youths hurt most. Before the minimum wage teenage unemployment was virtually nonexistent. If you wanted a job, you could find one. The foot on the ladder of success was more important than the pay. Bring back freedom.
This minimum wage business is going to lead to bigger and more powerful criminal gangs.
A simple sandwich-and-a-drink lunch has gone from about $5 to about $10 in the last six years where I live.
That’s an average inflation rate of about 12%.
Well, of course. All you have to do is go onto You Tube and search for Milton Friedman interviews and in many of those videos he makes the point that minimum wage laws are the most racist, anti-black laws currently on the books because they’ve kept many blacks out of the job market over the years.
https://www.youtube.com/watch?v=x-BGi4NIFww
It doesn't make sense that those competent, loyal long-term trained workers (two years or more) aren't making at least $12 an hour with the chance for at least 35 hours a week of work. That would be a living wage without government subsidies.
It shouldn't have to be a minimum age. In a functioning economy, it's what workers would be paid. Without that, people are fed up and are going to demand the gov do something.
Yep, and businesses will relocate to other places in droves.
This will cause a cesspool city to become even worse.
“Investor’s Business Daily tells us, the $15 per hour really is closer to $20.”
More like $25 when you add matching SS, workman’s comp,
unemployment and O’tardcare. Even more if you can afford to
offer paid vacation and sick leave. All this does is open
the doors to more wetbacks in the work force. Wetbacks don’t
need no a SS card and they are exempt from O’tardcare.
$20 minimum wage = more wetbacks but then again isn’t 10%
of mexicos population in California already.
Adjusted for inflation $15.00 would be equivalent to $2.00 in 1965. High, but not earth shattering.
“Why is the los angeles city council stupid?”
They are a direct reflection of the people they represent.
Stupid people elect stupid politicians.
“Adjusted for inflation $15.00 would be equivalent to $2.00 in 1965. High, but not earth shattering.”
Good, you might understand my theory on all of this. I think
the minimum wage does two things. One, it causes the effect
of inflation to start at the bottom of the economy along
with at the top. Two, it’s a boost in tax revenue for the
government. The bad thing is it forces a huge monetary
sacrifice on business and the middle class by raising the
cost of business while causing a lull in revenue and a
loss of retirement and savings due to a weaker dollar.
If we had a proper country with very restrictive immigration the need for a minimum wage would be diminished. But open borders and no floor on wages would turn the US into Brazil even faster than we are heading there now.
It only makes sense if you understand liberals don’t want blacks serving them coffee or making them sandwiches.
It is good for Democrats to get more people off the employment rolls and onto the welfare rolls. That gains Democrat voters. If the Democrats openly required and enforced all employers firing all employees who are under age 25 and all Negro employes, almost all of the new unemployeds who are not Democrats would instantly convert to Democrat voters because that’s how they insure their paychecks in their new employment as welfare bums.
Middle/upper class white kids will get that summer job. They will get the job flipping burgers part time. Pumping gas, stocking shelves, and making beds. Inner city black/brown kids with zero experience are just going to have to suck hind tit.
Minimum wage laws are RACIST in their disparate results.
“Middle/upper class white kids will get that summer job. They will get the job flipping burgers part time. Pumping gas, stocking shelves, and making beds. Inner city black/brown kids with zero experience are just going to have to suck hind tit.”
Probably not. Have they ever? Don’t forget that there are laws and quotas to make sure they get the lion’s share of those jobs. Dems most likely have more of those mandates waiting in the wings with stupid RINOS to help pass them. Otherwise, most of those jobs would be given to middle-aged or healthy seniors because they’re dependable and still have some work ethic. You can bet your bottom dollar Democrats aren’t going to let that happen!
Think for a minute...it will come to you.
Adjusted for inflation, $15 is still an all-time high. Meanwhile, we're importing millions of unskilled workers from abroad, so there is effectively an infinite supply, or at least a supply that dwarfs demand. A $15 national minimum wage is truly a prescription for disaster. (As we will see demonstrated in the locales that are instituting it. There were far fewer technological options available to replace low skilled labor in 1965.)
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