If the “very ample safety net” worked, there wouldn’t be the very poor.
I remember my first job at 14. It was cutting tobacco in the fields. Tough work, You got a hot meal for lunch that went with it.I got paid $5.00 a day.My first job after High School was at $1.35 cents an hour. The good part was gasoline was 19 cents a gallon.
How I wish a great man like Thomas Sowell was President. What a splendid mind.
It’s of no wonder to me that this great American has endorsed Newt Gingrich and that he sees right through LIBERAL Romney.
Labor unions, prime Democrat contributors, lobby for minimum wage increases because the rate is used as a benchmark for higher union wages.
Not close. He needs conservative coaches and consultants to tell you what you want to hear. Why there are those here who actually believe anything he says is unfathomable.
But he's swing-and-a-miss on minimum wage.
Thanks to legal and illegal immigration, America has a massive oversupply of low skill labor.
Thanks to automation, supply chain management, and foreign competition, American demand for low skill labor has steadily declined for 40 years.
And thanks to the cultural catastrophe in the Black community, trying to manage low skill Black workers is the most challenging business assignment in America.
Reducing or eliminating the minimum wage will not solve any of those problems.
I've been a free enterprise Conservative since I was folding laundry in my Dad's hotel in the 1950’s.
But I've changed my mind about the minimum wage.
I think setting a high minimum wage would create two important outcomes:
(1) It would force marginal or poorly managed businesses to close.
(2) It would force successful businesses to continuously improve their management, their products, their production process, and their capital investment.
The following message was published many years ago, utilizing Walter Williams' warning about the negative consequences of minimum wage laws on families and those who most need work experience and earnings. His words were true then, and he repeated the same message recently on Stossel.
Dr. Williams understands and has been teaching, speaking, and writing for decades about the tragic consequences of the so-called "progressive" policies which Democrats have inflicted upon Americans--all in the name of "helping" them.
As America's Founders knew, slavery to government is no better than slavery to individual masters. Yet, the "regressives" continue to buy power and influence by promoting policies that destroy opportunity, prosperity, and freedom for our own and future generations.
In the case of the minimum wage, as Williams also has pointed out, union wages at the upper limits increase, while opportunity for youth and low-skilled workers is destroyed.