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Sowell: Minimum Wage Madness
Creators Syndicate ^ | September 17, 2013 | Thomas Sowell

Posted on 09/16/2013 3:19:58 PM PDT by jazusamo

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To: jazusamo

Minimum wage is a commie plot to put all black people on the dole and drag our country down to third-world status.

Well, okay. It’s only part of the “fundamental transformation of America” plot, but it’s a doozie.

On my first job in 1965, minimum wage was $1.25/hour. Even then when I was young and stupid, I realized that the
government was interfering in a business transaction between me and my employer.

In a free country, people should be able to negotiate salary, and the potential employee or employer should be free to
accept or reject the terms offered.

Duh.

Thank you for the ping, Jaz!


21 posted on 09/17/2013 5:17:47 AM PDT by TheOldLady
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To: nascarnation
Some time ago, I watched a documentary style TV show where the producer (and his girlfriend? wife?) tried to live on two minimum wage salaries for a month.

It's worth mentioning that I wasn't very sympathetic, since their monthly budget on minimum wage was exactly - to the dollar - the same amount as Mrs WBill's and my budget at the time. And we had a couple of cars, a house payment, and were socking the unbudgeted balance of our paychecks away with both fists. But I digress....

Both the producer and his wife ran into a major problem - finding a minimum wage job. Not the "job" part, specifically. They found a number of those. No, the problem was that since they were moderately clean cut, showed up to work on time, etc etc etc....their employers kept wanting to give them raises.

That didn't fit their desired story about how hard it was to get by and how the man was keeping people down. Ooops.

The first few days were pretty boring. Video of them riding a bus (the horror!!!!) to work. Needing to show up on time (!!!!!) and having an uncomprimising boss (no!!!). Having to shop carefully (shock!!) and use coupons (unbelievable!!!) to save money at the grocery store. Mrs WBill, who is more softhearted than I, even said: "What is this crap? Looks like an average day in my life!".

Finally, the filmmaker resorted to some gimmicks. He got a lousy apartment in an unsafe area of town. He "got hurt" on the job and needed medical attention. A few other things, all ridiculously staged, all designed to bring the story back around to the desired outcome.

My takeaway was that, while living on minimum wage was not easy, it was do-able. And, most important, what was hard was *staying* at minimum wage. With some work and some attention to detail, it was easy to move up quickly.

22 posted on 09/17/2013 5:56:12 AM PDT by wbill
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To: jazusamo

If we are truly compassionate, we should set the minimum wage at $526.32 an hour! That would mean that everyone earns at least $1 million every year! We’d certainly eliminate poverty lickety split..

Who cares if a big mac value meal #1 costs $350....


23 posted on 09/17/2013 7:07:25 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: jazusamo

“When and if the minimum wage becomes a living wage”

It is not possible for any wage to be set that would be a “living wage.” Inflation would outpace the labor increases.


24 posted on 09/17/2013 7:09:42 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Billthedrill

“There will be excuses made for the failure and fingers pointed at the usual culprits when the scheme results in higher unemployment - that’s what liberals always do. That part won’t change.”

True enough. In fact, as soon as Pelosi took the house, she raised the federal min wage. It was only coincidental that it occured right before the enemployment rate skyrocketed and has remained high...

Yep, purely coincidental and things would improve if we could “re-educate” tea partiers...


25 posted on 09/17/2013 7:13:45 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: GladesGuru

You called my bluff. No, I won’t be weeping! LOL Bob


26 posted on 09/17/2013 1:07:47 PM PDT by alstewartfan ("Guardian angels, wherever you may be Reach down and keep my soul for me. Al Stewart)
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