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To: 2ndDivisionVet

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.


56 posted on 01/11/2014 8:04:45 PM PST by jameslalor
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To: jameslalor

-— It’s laughable to assert that you can change the value of a person’s labor via government dictat. -—

Think Sheila Jackson Lee. Nancy Pelosi. Joe Biden...


58 posted on 01/11/2014 8:08:01 PM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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