Upping the minimum wage will not increase employment. In fact it would decrease employment.
And, of course, it wouldn’t affect the cost of living at all. /s
So you have a retail supervisor making 12.05 an hour. What’s he gonna get when his subordinates, who were making 8.00, are now making .05 less than him?
Minimum wage is full employment for illegals, who do as they please.
No, we already have a problem with off-shoring. The stores are full of Chinese goods and 23% of our workforce is unemployed.
Raising the Minimum wage would hasten the off-shoring.
Instead, raise the import tariffs, so that it makes more sense to produce in America. That will increase jobs in America helping the unemployed. And once full employment is reached, then supply and demand will drive up the labor wage.
That would accomplish what he hopes to do with a $12 minimum wage, without losing more industries.
So what happens to those with more skilled jobs that are currently getting $12 an already? Should they start getting 15 an hour then?
But hey, it's something...Let's do something different even if it's wrong...What we are doing now is just sucking us down the drain anyway...
The ONLY solution is to ship out and keep out all illegals and let the supply/demand principle of labor work to bring wages up...But that option is forever gone...That's only works in a sovereign nation...
slash the government hand outs and see what happens first. Then we can talk about adjusting the minimum wage..
If I could go back in time and talk to the founders as they were putting together the Constitution, I would argue very strongly for a provision stating: “Congress shall make no law regulating wages and prices, nor infringing upon the right of the people to freely contract the same among themselves.”
He needs to be asked why Obama delayed the employer mandate, if employers are an endless cash cow for social policy.
SO, answer this, for any who believe this will help. What about those professionals who make just a dollar or more an hour than this, who trained/attended college, etc.? Does this make everyone move up the scale? Who pays these higher salaries? We do. The burger-flipper making $12/hr starting wage means the cost of those burgers go way up, or there are less burger-flippers. If starting wages are at $12/hr, then it is necessary to move workers with tenure up the scale, as well. As it is, it is no longer fast food anyway, as these low information wage earners don’t have the skills to produce a product FAST. I have seen more and more incompetence creep into these places to the point that I seldom purchase “fast food”. I could go home and cook my own faster. All the while they are cracking dirty jokes, wiping their hands on their bodies, faces, etc. I cannot see rewarding poor service with higher wages.
With a minimum wage of $12/hour, I’ll be flipping my own hamburgers at home.
What an idiotic assertion from Unz.
In what fantasy world does a minimum wage hike result in anything other than increased unemployment and price inflation? It’s laughable to assert that you can change the value of a person’s labor via government dictat.
The moment an employer is faced with the prospect of having to hire people to perform $6 an hour labor for $12 an hour is precisely when said employer lays off the most useless employees, increases automation, and raises prices as much as the market will bear. Any “increase” in minimum wage is immediately offset due to basic economic necessity - the mythical increase in wages is necessarily offset by unemployment and price inflation.
Employers do not print money out of thin air, and hence will simply have to fire anyone who is incapable of producing more than $12 an hour for the company. A minimum wage hike would INCREASE the democratic voter base due to the simple fact that MORE Americans would become dependent upon the dole once the federal government priced them out of the labor market. THAT is why a minimum wage hike is such a core principle of liberal politics, it ensures a steady supply of dependency for the liberal plantation.
The newly created dependency-class of former workers would happily vote for any politician offering to raise welfare benefits (in response to the spike in price inflation) or tweak the minimum income levels for public assistance. Yet, Unz says the exact opposite will happen somehow, perhaps magically.
Unz has truly outdone himself this time. He’s not the brightest bulb in the box to begin with, and his heroic misinterpretations of basic reality have been fodder for the blog-sphere debates on a number of topics, but this level of idiocy is a new low for Ronny.
Here is the problem with $NN.00 minimum wage. It artificially inflates the value of a given or earned employment position. That in turn inflates the price of any given product or service that is being offered by said wage/position. That in turn robs me of my wealth if this happens across the spectrum and I have no choice left and the politicians damn well know this.
I’ve been on minimum wage. In fact, after getting my dd-214 years back, I elected to work for less than minimum wage just to get in the workforce quickly. I knew it was a STARTER gig. It was not meant to support me for a long period and only provided the most basic of basic’s while I got myself trained and began to “job hop” for employment with ever increasing value based on what I could provide. It was simple; I worked hard and put myself in a position that employers wanted to pay me more and more and more for what I could do for them. I in turn was happy to take their money in return for providing my services. We both won and neither party needed to be forced into coughing up something we should not have to based on the position.
The most simple solution for these deprived souls is to quit voting for politicians that want them destitute and start voting for politicians that want to create wealth through a free economy.
Another California Dumbass.
Knowing small business owners and their struggle to make payroll and pay themselves raising the minimum wage is just another tax increase.
I’m disappointed this Libertarian is adopting a Marxist position, .
Companies can’t pay employees more than the value of their work so they have to raise prices to compensate for unearned wage increases.
Raising the minimum wage results in demands for wage increases by other employees right up the wage ladder.
A more skilled employee will not be content to have a minimum wage employee suddenly making as much, or more.
By the time the round of wage increases and price increases runs its course everyone will be back in their old position relative to others and to prices for products and commodities.
The only difference will be that everyone is just handling more money - their place on the economic ladder will be the same as it was at the start.
The only ones who can’t catch up are those on fixed incomes.
This guy is no libertarian
Discuss what?
The guy is an idiot.
Obama set Obamacare to qualify if you make 3 times the poverty level. If min. wage went up, you’d just have liberals moving the goalposts for “poverty” higher so they could still give handouts to more people than is possible (since even the current level is unaffordable, unsustainable and drives us further into debt every year).
Meanwhile, prices would go up for all of us, including the “poor” people who got the raise. So that inflation alone would help keep these people back under the poverty line.
Not to mention the people who would be fired or get their hours cut so businesses can keep their budget balanced. That throws more dependents into the welfare system.
There are so many other ways to reform and cut welfare that don’t have anything to do with the minimum wage.