Skip to comments.$12 an hour is conservative rocket fuel, says Ron Unz
Posted on 01/11/2014 6:37:08 PM PST by 2ndDivisionVet
A nationwide minimum wage of $12 per hour would shrink government, aid families, curb illegal immigration, spur high-tech investment, and boost GOP support among working-class voters, says Ron Unz, the California libertarian entrepreneur who wiped out his states Spanish-only K-12 classes.
The $12 wage would slash the huge taxpayer subsidies now given to companies that hire low-wage immigrants, and move tens of millions of Americans into the middle class and sharply reduce the 47 percent of the population who are now completely or partly dependent on federal handouts, Unz told The Daily Caller.
Politics would be completely different
what youre doing is reducing the 47 percent by 10 to 15 points and giving Republicans a chance to make their case about cutting government spending and reducing taxes, he said.....
(Excerpt) Read more at dailycaller.com ...
You cannot gain prosperity by requiring people to pay employees more than they are worth to the company.
This is about as anti-liberterian a message as I have ever seen. It is a statist claiming to be a liberterian, or someone who is simply economically ignorant.
What would really happen is that those jobs that did not produce $12 an hour or more of value would be done away with, less value would be produced, and everyone would end up poorer.
Question it’s basis in reality.
Its, not it’s ... Sheesh, I know better.
Just who calls Unz a “Libertarian?” He sounds like a social engineering aficionado.
And $50/hour four times as fast?
He may be right, I don’t know. I do know that there are taxpayer subsidies now given to companies that hire low-wage immigrants. You may get cheat produce, but you pay the difference in taxes.
What kind of Libertarian touts a minimum wage as a positive?
$25 dollars an hour would produce the same results more than twice as fast, because $25 is more than twice $12.
It would be even better to make the minimum wage $100 an hour. Then everyone could live an upper middle class life./S
You obviously understand the economics, but lurkers may not.
This is not conservative or libertarian. He is asking for a federal minimum wage of $12 an hour.
A lot of low-wage jobs would simply vanish for one thing.
A lot of lesser skilled workers would be replaced too.
“What kind of Libertarian touts a minimum wage as a positive?”
Either a fake one or a very confused one.
If they make it $500/hour, California will be a paradise!
The Federal Government has no authority to order a minimum wage for anyone other than federal workers.
If you make it $100/hr. I’m all in, baby!
No it wouldn't. They would hate the GOP when they asked for a $25 minimum wage and the answer was no.
Why do the GOP want to make the democrats (working class???) happy and not the conservative working class?
Perhaps the GOP would be happier being DNC?
This won't make The Chamber of Crony Capitalism happy.
Unz was 31 years old when he ran as the ‘conservative’ against the RINO Gov.-Pete Wilson. Slapped him down in a radio debate. Now look at what he’s become!
Why not make the minimum wage $50 an hour?
Another idiot who doesn’t realize that the higher the minimum wage, the less competitive US business is.
Temporarily, it could work. There’s no doubt that the working class wage buys less today than it did 40 years ago.
The problem you would create is a driving up of inflation. Eventually the increase in minimum wage will be wiped out.
But there’s a benefit to that as well - wages will catch up and suddenly your fixed rate mortgage is taking less of your income.
The good news is that the market will correct itself over time anyways, so why not do it?
he’s a theoretical physicist.....
with a bobby kennedy haircut
Maybe it's just something that's "going around", I've done it a few times myself recently. I know better too.
Then we could ALL be rich!
The problem is due to unlimited immigration (legal and illegal), H1-B Visa’s and Outsourcing, there is essentially an unlimited supply of labor(cheap).
If we had a normal labor market the effective minimum wage would be much higher than $12/hr.
The cheap labor policies the US has adopted is causing massive problems for the majority of the citizens, all for the benefit of the few.
If I recall correctly, President Reagan never raised the federal minimum wage in his entire eight years.
The GOP is under the mistaken idea that they can “take away” the Rats’ attacks by giving them what they want.
Face Palm Alert...
If you define the value of a dollar as 1/12 hour of a minimum wage worker’s time, why wouldn’t other good adjust their dollar-denominated prices accordingly?
When did libertarian become a synonym for economically illiterate.
He is a statist in the libertarian party, I guess.
Upping the minimum wage will not increase employment. In fact it would decrease employment.
***$25 dollars an hour would produce the same results more than twice as fast, because $25 is more than twice $12***
- Yep, Sounds logical to me to. Like we say in construction: Why wait 9 months for a pregnant woman to give birth when we can have nine pregnant woman give birth in 1 month.
They are the exception, not the rule. If everybody gets $12 an hour, that would necessarily have to include the stoner with the nose jewel who spends at least as much time chatting up his/her friends as waiting on customers.
A nationwide minimum wage of $12 per hour would shrink government, aid families, curb illegal immigration, spur high-tech investment, and boost GOP support among working-class voters, says Ron Unz, the California libertarian entrepreneur who wiped out his states Spanish-only K-12 classes. The $12 wage would slash the huge taxpayer subsidies now given to companies that hire low-wage immigrants, and move tens of millions of Americans into the middle class... Politics would be completely different... what youre doing is reducing the 47 percent by 10 to 15 points and giving Republicans a chance to make their case about cutting government spending and reducing taxes,"The 47 percent" again? A $12 federal minimum wage would cause federal income tax receipts to rise, assuming people could make enough at $12/hr with Obamacare premiums coming out of the take-home. What would probably happen instead would be a huge uptick in illegals taking the $12/hr jobs, with other jobs' wages going up and more employment -- overseas. Thanks 2ndDivisionVet.
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?
Yes, there we go, $100 - 8 times as fast
Nose jewel - that cracked me up!
Isn’t there a word for that...extortion or something? It never stops.
If the government wants to help, they could start by undoing all the help they’ve given through the years.
Minimum wage is full employment for illegals, who do as they please.
“If you define the value of a dollar as 1/12 hour of a minimum wage workers time, why wouldnt other good adjust their dollar-denominated prices accordingly?’
They probably would, but it would take time, and you end up with the same situation, only the numbers are different. Of course, the minimum wage doest not define the value of the dollar.
It would make more sense to *lower* the minimum wage to $5 per hour. Then the illegal immigrants would have to compete at lower than $5 per hour. Raising the minimum wage to $12 per hour, an illegal immigrant could charge $10 per hour, and still be competitive.
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...
I'd rather be working class in 2014, than 1974. We're way better off.
Stockholm Syndrome. They’ve been the minority for so long, they crave it. Let’s win.
Employees are not paid what they are worth to a company. That is often impossible to determine anyway. What's a busboy worth to a restaurant? You can't operate one without them. But the wage is a function of supply and demand, and that market is distorted by millions of immigrants, both illegal and legal. And that market is only going to be more distorted in favor of employers if the Chamber of Commerce gets their way on "comprehensive immigration reform".
Exactly. And since we can't expect any relief on the immigration front, we unfortunately need a minimum wage.
slash the government hand outs and see what happens first. Then we can talk about adjusting the minimum wage..