Posted on 08/20/2015 7:35:40 AM PDT by E. Pluribus Unum
Thursday on MSNBC’s “Morning Joe,” Republican presidential hopeful Donald Trump gave his thoughts on the minimum wage and as to whether or not raising the minimum wage would good for the American economy.
“It’s such a nasty question because the answer has to be nasty,” Trump said. “You know, we’re in a global economy now. It used to be companies would leave New York State and companies would leave New York State or leave another state and go to Florida, go to Texas, go to wherever they go because or lower wages. You know, all sorts of different things. Well now it’s not leaving New York or New Jersey or wherever they may be leaving. Now they’re leaving the United States and they’re going to other countries because they’re competing for low taxes and they’re competing for low wages. They’re competing for all sorts of things. ”
(Excerpt) Read more at breitbart.com ...
Trump’s right on this issue too...
People need to reconcile themselves to the fact that any job is better than no job at all.Because Uncle Sugar is going to be flat broke soon,the gravy train is about to run off the rails.
If Trump restores the tariffs and successfullly brings jobs back, the minimum wage won’t matter. Competition for laborers will drive the wage up.
If I didnt have to fill out paperwork to hire someone and pay them more than I am willing to for a particular job, I would probably hire 3 people tomorrow.
This is one of the few cases where not only do I agree with what Trump is saying, but that I believe he actually believes what he’s saying.
I agree with Trump on this point...
My point, also is if you hire someone in at $15.00 an hour, what is that going to do with the business costs?
People are going to have the money to buy a $20.00 McDonalds meal? Pizza Hut is selling their pizzas for $30.00 to $35.00 and there will be LESS on it?
This isn’t going to work....stay at the minimum wage, bring back businesses into the country, and then think about how this works....it won’t work right now....
The reason progressives are for raising the min wage is to create more govt dependency and Democrat votes.
The smart ones realize this will create more unemployed voters on govt benefits.
It also increases tax revenues without having to increase taxes.
The gravy train has allegedly been going off the rails for many, many years now, and yet, here we are. I don't honestly believe that there will be an actual off the rails event, at least not any time soon. The powers that be will continue to prop up the economy, and the welfare state, for as long as possible. The big issue I have is that every bit of sound, common sense economic policy says it should have failed long ago.
No minimum wage would be even better.
That's not fair, I should be paid at least $70,001.00 ...............because I'm special!
Go ahead have fun!
Because Uncle Sugar is going to be flat broke soon,the gravy train is about to run off the rails.
Not as long as there are people to take money from....
I believe that their union backers also favor increased minimum wages because there are many union contracts that mandate automatic pay raises for union workers if the minimum wage is increased.
The minimum wage in Mexico is like $5 a day. Is that what Trump is thinking is fair?
Wages should be negotiated between the employer and the employee, Mr. Union Thug.
I'm just curious how low Trump is talking about. If his reasoning is because U.S. manufacturers are taking jobs to Mexico then in order to compete it'd have to be pretty low.
There shouldn’t be a minimum wage at all. The government should have nothing to do with the negotiation between an employer and an employee. The government knows nothing about creating sustainable jobs. The only thing government knows how to do is stick a gun in the face of its citizens and demand tribute.
Sustainable jobs require a profitable company. Companies that have more expenses than revenue go out of business and employ no one.
The first federal minimum wage law was a Jim Crow law meant to stop black-run companies from underbidding white unionized companies.
The last year that the black unemployment rate was lower than the white unemployment rate was the year the first federal minimum wage law went into effect. The higher the minimum wage has been raised, the higher the black unemployment rate has risen.
Union goons support a higher minimum wage because their contracts are pegged to it. When the minimum wage goes up, they get a raise. Lots of other people lose their jobs, but union goons are pigs who only care about themselves and think nothing of beating people with baseball bats and shooting them with ball bearings from slingshots to get their way. I know this from personal experience.
Minimum wage laws are classic examples. The last year in which the black unemployment rate was lower than the white unemployment rate was 1930. That was also the last year in which there was no federal minimum wage law.
The Davis-Bacon Act of 1931 was in part a result of a series of incidents in which non-union black construction labor enabled various contractors from the South to underbid Northern contractors who used white, unionized construction labor.
The Davis-Bacon Act required that “prevailing wages” be paid on government construction projects– “prevailing wages” almost always meaning in practice union wages. Since blacks were kept out of construction unions then, and for decades thereafter, many black construction workers lost their jobs.
Minimum wages were required more broadly under the National Industrial Recovery Act of 1933 and under the Fair Labor Standards Act of 1938, with negative consequences for black employment across a much wider range of industries.
In recent times, we have gotten so used to young blacks having sky-high unemployment rates that it will be a shock to many readers of Walter Williams’ “Race and Economics” to discover that the unemployment rate of young blacks was once only a fraction of what it has been in recent decades. And, in earlier times, it was not very different from the unemployment rate of young whites.
Because we have an open border with the third world we have to have a minimum wage. Otherwise it is a race to the bottom.
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