Posted on 12/20/2013 9:32:58 AM PST by Kaslin
Given its’ history, you’re racist if you SUPPORT minimum wage laws.
It’s pretty straightforward.
Basic Economics 101 & 102, which should be a REMEDIAL REQUIREMENT for every politician going to D.C., says that supply and demand are diminished by artificial economic ceilings and floors forced by government fiat. Maximum prices or wages are artificial ceilings. Maximum prices force lower supply of product. Maximum wages force lower demand in the job market.
Minimum prices or minimum wages are artificial floors. Minimum prices force lower demand. Minimum wage lowers supply in the job market because it forces higher costs in wages forcing companies to cut back on their work force. If a company keeps the same number of jobs, then to stay in business, because its costs are higher, the company will either have to 1) raise prices which will lower demand eventually causing layoffs or 2) cut back hours and, therefore, reduce production supply. (The domino effect from there is less supply or higher prices, which, in turn forces less demand, and the downward spiral is on for that company, product, or sector.) So the company will most likely reduce its work force resulting in fewer jobs for entry level workers and possibly in the long term the same domino affects mentioned above.
The lesson is that voluntary cooperation of supply and demand in the free market in jobs and products accurately determines wages and prices.
These things are borne out not only in basic economic theory but in historical fact. It is not rocket science. However, Socialism opposes basic and sound economic theory which is why Socialism sits on the ash heap of historical disaster only to be brought back out and tried again by do-gooders who don't know better and power-lusting demagogues. And although government economic meddling solely cause these economic destabilizers and shortages, the government-media propaganda machine will spew out reams and volumes arguing for more government as the solution because "the free market is too unstable".
Racist here!
Actually somebody needs to do a “You might be a racist if ...” riff along the Jeff Foxworthy lines. That’s how much of a joke that word has become.
you are a racist if you say Crissy Matthews is a vile low down propagandizing socialist idiot who lives in a neighborhood with nearly zero blacks
They don’t have an argument, they just have to throw names around.
why doesn’t Matthews cut his pay dramatically and give it to the janitors at MSNBC? They work harder than he does...
Cannot disagree with a word of what you say. Whenever a politician spouts the nonsense that increased minimum wages (or unemployment insurance) leads to economic growth, I automatically assume that he (she) is an economic moron.
Christ Matthews and every leftist like that: “blah blah blah blah you’re racist if you disagree with me blah blah blah blah”.
No ‘t’ in Chris, but there is in exasperation.
Okay.
Asshats like Matthews think everyone not like him is racist anyhow so why care?
I think the sting of being called racist has exceeded its useful life. I’m against the government setting ANY wage. There, I’m a racist, so what?
Isn’t it time for the village that lost this particular idiot to come and reclaim him?
The whites in South Africa enacted very high minimum wages during apartheid. Why? Did they want to help blacks? No. They made it less expense, ie easier to discriminate against blacks. The southern Democrats in the US, enacted the Davis-Bacon Act to require governments to pay "prevailing wages", ie pay a higher minimum wage. Why would southern Democrat segragationists want a higher minimum wage? To help blacks, because they weren't racist? I don't think so.
During the Great Depression, when this law was passed, black construction crews traveled the country and underbid the white construction companies. Raise the minumum wage to eliminate the competition. Thank you Democrats.
And the Democrats are still up to their racist ways, thank you Chrissie "tingles" Matthews.
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