Raising the minumum wage is a very stupid policy..Pocahontas does not get it..:)

Dire Straits on March 19, 2013 at 8:43 PM

Fixed..:)

We have criminals serving in the Congress and other government offices that don’t have the intelligence of a frog and Elizabeth Warren fits that position very well.

mixplix on March 19, 2013 at 4:25 AM

Yup – far too many. The Demtard legislator in Colorado who sponsored most of the gun control bills has a pretty good criminal record that would disqualify her from a concealed carry permit, and possibly even a simple gun purchase – maybe why she doesn’t want anyone else to have guns.
But that’s apparently a resume enhancment for Dems.

It clearly would just mean things would continuously become more expensive, even more dramatically than they are today. So the minimum wage would have to rise every 3, 6 and 12 months to keep up with the continue rise in prices. As businesses raise prices, then pay their employers more, there will be more cash in the economy and as this happens prices and wages will just continue to raise without any increase in general productivity. This will be massive inflation.

It’s like this – let’s say we gave every American $500,000 tomorrow. Guess what that would do to the price of EVERYTHING? Everything would have to skyrocket in order to meet or even push down demand. Because suddenly everyone can go to Best Buy and almost buy them out otherwise. Not even getting to the effects that the minimum wage has on the younger, less trained and less skilled.

If we started in 1960, and we said that, as productivity goes up — that is, as workers are producing more — then the minimum wage is going to go up the same.

Picture a janitor back in the non-productive days of the 1960′s… actually physically pushing a broom.

That labor sadly required no skill; and wasn’t very efficient; so he didn’t get paid much.

But today’s janitors… push the same brooms. They’re not faster, better, or more efficient.

Why should they get paid more?

OH, the “average” efficiency went up, so everyone should get the “average” increase regardless if they are more efficient or not?

Someone please explain some basic math, statistics, and logical thought to this person before she speaks again. It actually hurts my brain to realize some people are really this stupid.

Staying unemployed is a rung up on exactly which career ladder? Actually, It’s the equivalent of your local fire department ripping out the first two or three rungs on its ladders because, really, after all, how much help do such low rungs give you when you are trying to climb to the roof of a burning building?

Well, my five year old seems to think it would work.

Most of the increased productivity mentioned in he article is due to companies investing in technology and eliminating workers. Most of the benefits of the gain in productivity then goes to the owners of the company and not the workers.

Nomas on March 18, 2013 at 11:12 PM

Exactly.

Why are liberals too stupid to understand this?

Those workers that do remain are due increased pay only to the extent that their jobs require higher level skills or there is some other indication that their own work rather than the technology contributes to increased production.

Heh.

“If we started in 1960, and we said that, as productivity goes up — that is, as workers are producing more — then the minimum wage is going to go up the same. And, if that were the case, the minimum wage today would be about $22 an hour. So, my question, Mr. Dube, is what happened to the other $14.75?”

She’s brilliant. I’m going to have to give up my silly Austrian views of economics. I’m now a Warrenesian; raise the minimum wage all the time! The Warrenesian motto? ‘We have to pass it to find out what’s in it.’

You know, you libertarian/free market/laissez-faire types focus on mathematics way too much. Who liked math in high school? No one. So give it up, guys, and join the Warren train.
/s