Quotes of the day

posted at 10:41 pm on February 18, 2014 by Allahpundit

The new Congressional Budget Office (CBO) report finds that 16.5 million workers would get a raise from increasing the minimum wage to $10.10 per hour and this would help millions of hard-working families, reduce poverty, and increase the overall wages going to lower-income households.

On employment, CBO’s central estimate is that raising the minimum wage to $10.10 per hour would lead to a 0.3 percent decrease in employment and CBO acknowledges that the employment impact could be essentially zero. But even these estimates do not reflect the overall consensus view of economists which is that raising the minimum wage has little or no negative effect on employment. For example, seven Nobel Prize winners and more than 600 other economists recently stated that: “In recent years there have been important developments in the academic literature on the effect of increases in the minimum wage on employment, with the weight of evidence now showing that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market.”…

Overall the logic for the finding that raising the minimum wage does not result in large adverse impacts on employment is that paying workers a better wage can improve productivity and thereby reduce unit labor costs. These adjustments, along with others that firms can make, help explain why the increase in the minimum wage need not lead to a reduction in employment. Higher wages lead to lower turnover, reducing the amount employers must spend recruiting and training new employees. Paying workers more can also improve motivation, morale, focus, and health, all of which can make workers more productive. In addition, by reducing absenteeism, higher wages can increase the productivity of coworkers who depend on each other or work in teams. In addition, businesses can adjust in other ways rather than reducing employment (for example, by accepting lower profit margins). CBO’s estimates do not appear to fully reflect the increased emphasis on all of these factors from the recent economics literature.

***

White House economist Jason Furman rejected the Congressional Budget Office’s prediction that a minimum wage increase will cost 500,000 jobs as out of step with the economic consensus.

“This is not a piece of original research into the impact of the minimum wage on employment,” Furman told reporters during a Tuesday afternoon White House call. “It’s completely reasonable to think that it would have zero impact on unemployment,” he said, citing the “highest quality” studies of the question.

The Congressional Budget Office estimated that increasing the minimum wage would cost about 500,000 jobs, a view that another White House economist said reflects an freshman-level understanding of economics that used to be common among economists but has since been abandoned by most professionals.

***

“No matter how the critics spin this report, the CBO made it absolutely clear: raising the minimum wage would lift almost one million Americans out of poverty,” House Democratic Leader Nancy Pelosi wrote in a statement.

For Democrats, the report hit on their income inequality fault line, showing that 16.5 million low-wage workers would see their incomes jump.

“Hard-working Americans deserve a raise, and this new report shows that over 16 million Americans will receive a raise from an increase in the minimum wage,” wrote Senate Majority Leader Harry Reid, D- Nevada, in his own statement.

***

[Liberals] further argue the minimum wage stood above $10 an hour in the 1960s. Raising it to $10.10 an hour would (supposedly) only return it to this previous level.

The Heritage Foundation found this analysis questionable. The most accurate inflation measures show that the minimum wage has never stood much above $8 an hour. So the President actually proposes hiking the minimum wage one-seventh above its all-time high. That would strongly encourage employers to hire fewer less skilled workers. Heritage Foundation analysis concluded that—even accounting for any stimulus effects—the proposed minimum wage hike would cost 300,000 jobs.

The Congressional Budget Office’s new report concurs.

***

“This report confirms what we’ve long known: While helping some, mandating higher wages has real costs, including fewer people working,” Brendan Buck, a spokesman for House Speaker John Boehner, said in a statement. “With unemployment Americans’ top concern, our focus should be creating, not destroying, jobs for those who need them most.”

Senate Minority Whip John Cornyn of Texas concurred.

“The non-partisan Congressional Budget Office confirmed yet again what we know to be true of government overreach in the marketplace: raising the minimum wage would slash jobs and harm an already fragile workforce,” Cornyn said in a statement. “Whether it’s Obamacare, a minimum-wage hike or a trillion-dollar stimulus bill charged to the nation’s credit card, the bottom line is the president’s big-government experiment kills jobs.

***

A new report by the Congressional Budget Office (see this summary by the Washington Examiner’s Joseph Lawler) contradicts several arguments President Obama has advanced as part of his campaign to raise the federal minimum wage to $10.10 per hour…

Obama: “Rais[ing] the federal minimum wage to $10.10 wouldn’t just raise wages for minimum-wage workers, its effect would lift wages for about 28 million Americans.”

The CBO said that 16.5 million workers — not 28 million — would receive a raise if the minimum wage is raised and that “increased earnings for low-wage workers resulting from the higher minimum wage would total $31 billion.” However, this increase would be paired with lower effective earnings “for the people who became jobless because of the minimum-wage increase, for business owners, and for consumers facing higher prices.” Thus, “Once the increases and decreases in income for all workers are taken into account, overall real income would rise by $2 billion.”…

The bottom line is that Obama has presented hiking the minimum wage as a no-brainer that would boost the economy, increase wages and immediately reduce poverty without adverse effects. CBO has estimated that in reality, the action would raise unemployment among lower-income workers, deliver most of its benefits to families living above the poverty level, and have offsetting adverse effects on businesses and consumers. To the extent that it will reduce poverty, according to the CBO, the effect will be less significant and less immediate than what Obama has claimed.

***

Obama presented it as a way to help struggling families: “Americans overwhelmingly agree that no one who works full time should ever have to raise a family in poverty.” That comment provides a misleading picture of who minimum-wage earners are. The White House’s own graph promoting the idea shows that only 26 percent of minimum-wage earners have kids. Thirty percent either have spouses and no kids or are kids themselves.

Raising the minimum wage is not an effective tool against poverty, either. A 2010 study found that state poverty rates were unaffected by minimum-wage increases. It also found that if the minimum wage were raised to $9.50 an hour from $7.25, only 11 percent of the beneficiaries would be people who live in poor households. Forty-two percent would be people living in households making more than three times the poverty line (which means they’re well above the country’s median household income)…

My American Enterprise Institute colleague Michael Strain puts it this way: “Hundreds of thousands of low-skill workers are trying to find a job but can’t. Is it really the right time to raise the cost of hiring and make it harder for businesses to hire them? Some studies say a higher minimum wage will lower employment; some say employment will remain unchanged. Shouldn’t we err on the side of caution?

***

In an important article in the economic journal Challenge, “A Conservative Case for the Minimum Wage,” Oren Levin-Waldman, professor of public policy at Metropolitan College of New York, offered a similar view and made compelling moral points. Higher pay “increases the autonomy of low-wage workers,” he said, thus advancing “personal freedom” and “a core concept in conservative thought, which is personal responsibility.” This, in turn, means less dependence “on the largesse of others.”

And, as Annie Lowrey argued earlier this month in the New York Times, those who rightly worry about the breakdown of marriage need to remember that “creating good jobs with growing wages at the bottom of the income scale might be the best, if hardest, way to encourage young couples to wed.”

Conservative politicians really need to ask themselves: If they refuse to raise the minimum wage and at the same time insist on cutting health care and wage-support programs, are they not consigning millions more of their fellow citizens to lives of poverty? Most Americans reject this view, and that includes most conservatives who believe in work, family and personal responsibility.

***



Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Comment pages: 1 2 3 5

Yippee!

novaculus on February 18, 2014 at 10:42 PM

SCOAMF

Murphy9 on February 18, 2014 at 10:42 PM

Hypocrites

rottenrobbie on February 18, 2014 at 10:42 PM

Why not go to eleven?

Fallon on February 18, 2014 at 10:43 PM

Del

Do I win a prize?

Del Dolemonte on February 18, 2014 at 10:43 PM

Come on already!

Bmore on February 18, 2014 at 10:43 PM

Thought you’d never go!

novaculas

Murph

Bmore on February 18, 2014 at 10:44 PM

Please get this Di*k head off the screen.

ToddPA on February 18, 2014 at 10:44 PM

u Sorry ; )

Bmore on February 18, 2014 at 10:44 PM

Calling all rude buffoons…

OmahaConservative on February 18, 2014 at 10:45 PM

Gee thanks for telling me to get off the other thread and come over here. I was talking to a wall and it was mocking me.

SparkPlug on February 18, 2014 at 10:45 PM

Love of Country.

And I could have told you what he was just from the screen name.

Lanceman on February 18, 2014 at 10:46 PM

Do I win a prize?

Del Dolemonte on February 18, 2014 at 10:43 PM

A year’s supply of sundial wax.

Lanceman on February 18, 2014 at 10:46 PM

Calling all rude buffoons…

OmahaConservative on February 18, 2014 at 10:45 PM

Could you do a roll call, please? Or at least, don’t throw anything at anyone who looks in the door. OK? I couldn’t keep up last night.

Evening.

Alien on February 18, 2014 at 10:46 PM

Lanceman on February 18, 2014 at 10:46 PM

Snowdial

Bmore on February 18, 2014 at 10:47 PM

Does anyone know why your ears make wax? What is it for?

SparkPlug on February 18, 2014 at 10:47 PM

Gee thanks for telling me to get off the other thread and come over here. I was talking to a wall and it was mocking me.

SparkPlug on February 18, 2014 at 10:45 PM

I told you…

OmahaConservative on February 18, 2014 at 10:48 PM

Gee thanks for telling me to get off the other thread and come over here. I was talking to a wall and it was mocking me.

SparkPlug on February 18, 2014 at 10:45 PM

You are hanging out with the wrong walls. They will corrupt you.

*passes a RT Zima™

Murphy9 on February 18, 2014 at 10:48 PM

Well, I did my civic duty this afternoon.

annoyinglittletwerp on February 18, 2014 at 10:48 PM

OmahaConservative on February 18, 2014 at 10:48 PM

Thanks. How’s Ratso?

SparkPlug on February 18, 2014 at 10:48 PM

Bmore on February 18, 2014 at 10:43 PM

Evening stranger… hope all is well in your neck of the woods?

uncommon sense on February 18, 2014 at 10:48 PM

Does anyone know why your ears make wax? What is it for?

SparkPlug on February 18, 2014 at 10:47 PM

OK! Do not enter that term into the search box at youtube…

O_o

Murphy9 on February 18, 2014 at 10:49 PM

Well, I did my civic duty this afternoon.

annoyinglittletwerp on February 18, 2014 at 10:48 PM

You wore your bunny suit?

SparkPlug on February 18, 2014 at 10:49 PM

Does anyone know why your ears make wax? What is it for?

SparkPlug on February 18, 2014 at 10:47 PM

For the same reason your nose makes BOOGERS!

Lanceman on February 18, 2014 at 10:49 PM

Does anyone know why your ears make wax? What is it for?

SparkPlug on February 18, 2014 at 10:47 PM

If you lived in Nancy Pelosi’s district, you could stop the job lock and start a candle company. Though Jerry Brown, the EPA, and other agencies would require proper permitting :P

uncommon sense on February 18, 2014 at 10:50 PM

SparkPlug on February 18, 2014 at 10:49 PM

Close. I voted.

annoyinglittletwerp on February 18, 2014 at 10:50 PM

My 10:41 was to BMore.

SparkPlug on February 18, 2014 at 10:43 PM

That thread was headed no where good. Could feel the breeze picking up. So you like that digital angle meter thingy eh?

Bmore on February 18, 2014 at 10:50 PM

Automation companies of hamburgers and fries will be booming.

Also check to see what happened in 2007 to teenage unemployment after Nanzi raised the minimum wage. Spoiler, it skyrocketed.

jukin3 on February 18, 2014 at 10:50 PM

Thanks. How’s Ratso?

SparkPlug on February 18, 2014 at 10:48 PM

Drinking out of the toilet…

OmahaConservative on February 18, 2014 at 10:51 PM

OmahaConservative on February 18, 2014 at 10:51 PM

Sheldon and Penny will do that if the opportunity presents itself.

annoyinglittletwerp on February 18, 2014 at 10:51 PM

Gee thanks for telling me to get off the other thread and come over here. I was talking to a wall and it was mocking me.

SparkPlug on February 18, 2014 at 10:45 PM

Which reminds me: did anyone else have technical difficulties last night? I read the QOTD thread this morning and I lost about five or six posts that I thought were up. I think I may have insulted someone who was trying to talk to me, and I thought that I was responding. What does it look like when your post goes into moderation? (Shouldn’t have, they wer all about Japanese food.)

?

Alien on February 18, 2014 at 10:51 PM

You wore your bunny suit?

SparkPlug on February 18, 2014 at 10:49 PM

No, she did her Dick Cheney Wal Mart greeter act.

Lanceman on February 18, 2014 at 10:51 PM

uncommon sense on February 18, 2014 at 10:48 PM

How we doing uncommon sense. About as well as can be expected here I reckon. Good to be seen. ; )

Bmore on February 18, 2014 at 10:52 PM

My 10:41 was to BMore.

SparkPlug on February 18, 2014 at 10:43 PM

That thread was headed no where good. Could feel the breeze picking up. So you like that digital angle meter thingy eh?

Bmore on February 18, 2014 at 10:50 PM

He means I showed up, Sporky.

Lanceman on February 18, 2014 at 10:52 PM

Bmore on February 18, 2014 at 10:50 PM

Yep. It really works. Not just a gimmick.

SparkPlug on February 18, 2014 at 10:52 PM

Close. I voted.

annoyinglittletwerp on February 18, 2014 at 10:50 PM

FL special election?

Alien on February 18, 2014 at 10:52 PM

?

Alien on February 18, 2014 at 10:51 PM

maybe a mod deleted them…

OmahaConservative on February 18, 2014 at 10:52 PM

Alien on February 18, 2014 at 10:52 PM

Texas GOP primary.

annoyinglittletwerp on February 18, 2014 at 10:53 PM

Does anyone know why your ears make wax? What is it for?

SparkPlug on February 18, 2014 at 10:47 PM

Candles. Heh.

Doc Holliday on February 18, 2014 at 10:53 PM

How we doing uncommon sense. About as well as can be expected here I reckon. Good to be seen. ; )

Bmore on February 18, 2014 at 10:52 PM

Same as usual, you folks out yonder keep stealing our water… don’t you folks have enough snow yet? :-)

uncommon sense on February 18, 2014 at 10:53 PM

annoyinglittletwerp on February 18, 2014 at 10:51 PM

He got in the way earlier and I pissed on his applehead…

OmahaConservative on February 18, 2014 at 10:53 PM

Lanceman on February 18, 2014 at 10:52 PM

Lolz! No future to be had on that one. ; )

Bmore on February 18, 2014 at 10:54 PM

$10.10/hour is not going to lift anyone out of poverty. That is just ridiculous.

TXMomof3 on February 18, 2014 at 10:54 PM

Calling all rude buffoons…

OmahaConservative on February 18, 2014 at 10:54 PM

Calling all rude buffoons…

OmahaConservative on February 18, 2014 at 10:54 PM

We’re coming. We had to work late….

Doc Holliday on February 18, 2014 at 10:55 PM

maybe a mod deleted them…

OmahaConservative on February 18, 2014 at 10:52 PM

Conversation was too boring? (Wouldn’t be the first time I heard that … )

Do we have standards here for that?

Alien on February 18, 2014 at 10:55 PM

Lanceman on February 18, 2014 at 10:52 PM

Oh well. I thought he liked you. He is an industrious and interesting chap. Offer him some pie and get on his good side. He a southerner like you.

SparkPlug on February 18, 2014 at 10:55 PM

FL special election?

Alien on February 18, 2014 at 10:52 PM

Yep. She voted Alan Grayson in for life.

Lanceman on February 18, 2014 at 10:56 PM

We had to work late….

Doc Holliday on February 18, 2014 at 10:55 PM

Yeah, to pay for the 0bama phone holders…

OmahaConservative on February 18, 2014 at 10:56 PM

Omg. OC went on poor Ratso. Poor Ratso got in a pee stream. Lolz.

SparkPlug on February 18, 2014 at 10:56 PM

I dare say it’s a low estimate.

SouthernGent on February 18, 2014 at 10:57 PM

Well, I did my civic duty this afternoon.

annoyinglittletwerp on February 18, 2014 at 10:48 P

Good to hear.

ToddPA on February 18, 2014 at 10:57 PM

SparkPlug on February 18, 2014 at 10:52 PM

Has to be more accurate than the way I do it. Lolz!

uncommon sense on February 18, 2014 at 10:53 PM

Ready for spring. Daffodils are coming up quick. Almost time to scrape the lane. Looks terrible. ; )

Bmore on February 18, 2014 at 10:57 PM

g. What does it look like when your post goes into moderation? Alien on February 18, 2014 at 10:51 PM

Ask ALT. She’s our resident pro. (still standing)

The filter bans odd words, sometimes. Multiple links in one post.

wolly4321 on February 18, 2014 at 10:57 PM

Alien on February 18, 2014 at 10:55 PM

Are you saying you are a bore?

OmahaConservative on February 18, 2014 at 10:57 PM

Does anyone know why your ears make wax? What is it for?

SparkPlug on February 18, 2014 at 10:47 PM

Don’t know but it keeps me from spending too much on ear plugs.

P. Logan on February 18, 2014 at 10:57 PM

TXMomof3 on February 18, 2014 at 10:54 PM

When I was forced to leave produce-due to my asthma-I had to take a 20 cent/hr pay cut.
I now make $8.45 hr. W/ my next raise I’m likely to make $8.85 hr.
Raising the minimum wage to 10+ will price me out of a job.
I do NOT want the mw raised.

annoyinglittletwerp on February 18, 2014 at 10:57 PM

Lolz! No future to be had on that one. ; )

Bmore on February 18, 2014 at 10:54 PM

I really wanted to go all knucklehead on his poor poor shiny ass.

Lanceman on February 18, 2014 at 10:58 PM

. He a southerner like you.

SparkPlug on February 18, 2014 at 10:55 PM

Lance ain’t no damn Southerner. He’s a Floridian.

Bmore on February 18, 2014 at 10:58 PM

Texas GOP primary.

annoyinglittletwerp on February 18, 2014 at 10:53 PM

I thought you said you were voting yesterday.

crankyoldlady on February 18, 2014 at 10:59 PM

Lanceman on February 18, 2014 at 10:58 PM

Nah. It was just gonna go bad. Next time maybe. ; )

Bmore on February 18, 2014 at 10:59 PM

Omg. OC went on poor Ratso. Poor Ratso got in a pee stream. Lolz.

SparkPlug on February 18, 2014 at 10:56 PM

I grabbed Ratso by the scruff of his neck and stuck his applehead under the faucet. He went ballistic…

OmahaConservative on February 18, 2014 at 10:59 PM

Calling all rude buffoons…

OmahaConservative on February 18, 2014 at 10:54 PM

You called?

oscarwilde on February 18, 2014 at 10:59 PM

Lanceman on February 18, 2014 at 10:56 PM

ESOD Lance.
Btw: On the dim ballot-I saw the TSRA ratings and they listed candidates from both parties-Kinky Friedman is running for comptroller.
Heh.

annoyinglittletwerp on February 18, 2014 at 10:59 PM

50th Anniversary issue of SI’s swimsuit issue came in the mail today.

Has it really been that long?

Steely Dan – Reelin’ In The Years

kcewa on February 18, 2014 at 10:59 PM

He a southerner like you.

SparkPlug on February 18, 2014 at 10:55 PM

Who?

Lanceman on February 18, 2014 at 10:59 PM

Are you saying you are a bore?

OmahaConservative on February 18, 2014 at 10:57 PM

I thought I’d let someone else say that. I don’t want to monopolize the conversation. Just if my posts were deleted, I had nothing controversial in them. Unless the Japanese words tripped a sensor or something.

Alien on February 18, 2014 at 11:00 PM

Minimum wage is a starter wage. No one supports a family on minimum wage, yet the duplicitous party would like everyone to believe that. Why anyone still trusts Democrats to be telling the truth is beyond me!

It will make getting in the door a lot harder for people and it will cause all prices to rise. The beauty, from the government standpoint is, more tax money because $10.10 will get some people above the poverty threshold so they have to pay taxes. Gotta love those Democrats.

bflat879 on February 18, 2014 at 11:00 PM

“No matter how the critics spin this report, the CBO made it absolutely clear: raising the minimum wage would lift almost one million Americans out of poverty,” House Democratic Leader Nancy Pelosi wrote in a statement.

heh. I think she meant lift them out of “job lock”.

captnjoe on February 18, 2014 at 11:00 PM

crankyoldlady on February 18, 2014 at 10:59 PM

Yesterday was a federal holiday.
Voting started today.

annoyinglittletwerp on February 18, 2014 at 11:00 PM

I thought I’d let someone else say that. I don’t want to monopolize the conversation. Just if my posts were deleted, I had nothing controversial in them. Unless the Japanese words tripped a sensor or something.

Alien on February 18, 2014 at 11:00 PM

Who knows where they went. HA has been really screwy lately…

OmahaConservative on February 18, 2014 at 11:00 PM

I just took my evening “constitutional”.

CWchangedhisNicagain on February 18, 2014 at 11:01 PM

“No matter how the critics spin this report, the CBO made it absolutely clear: raising the minimum wage would lift almost one million Americans out of poverty,” House Democratic Leader Nancy Pelosi wrote in a statement.

Let’s use Pelosi’d logic and raise the minimum wage to $50.00/hr. No one makes under six figures. Everybody is “rich”.

How about it, Nancy, you f**king odalisque.

jaime on February 18, 2014 at 11:01 PM

Nah. It was just gonna go bad. Next time maybe. ; )

Bmore on February 18, 2014 at 10:59 PM

Yes, you, Sporky and Dire are much too nice to get involved in those things. No sense in risking a banning.

Lanceman on February 18, 2014 at 11:01 PM

Hi gang! After a few crazy days away due to being locked up by my job, I am back to visit.

captnjoe on February 18, 2014 at 11:01 PM

Bmore on February 18, 2014 at 10:57 PM

We haven’t even had a real winter this year. It’s mid feb and all of my fruit trees are blooming. One good cold snap and it will be another year without fruit :(

uncommon sense on February 18, 2014 at 11:02 PM

One good cold snap and it will be another year without fruit :(

uncommon sense on February 18, 2014 at 11:02 PM

If only we could say that out here in California…

oscarwilde on February 18, 2014 at 11:02 PM

oscarwilde on February 18, 2014 at 10:59 PM

Where in San Diego do you live? I was in University Heights and Normal Heights for thirty years…

OmahaConservative on February 18, 2014 at 11:02 PM

What does it look like when your post goes into moderation?
?

Alien on February 18, 2014 at 10:51 PM

It doesn’t look like anything. The page just refreshes and leaves you at the top. Sometimes the comment will show up later. In the order you made it in. Sometimes it never makes it out of the mill. Lots of weird words here the mill eats.

Bmore on February 18, 2014 at 11:03 PM

The filter bans odd words, sometimes. Multiple links in one post.

wolly4321 on February 18, 2014 at 10:57 PM

Odd words, then. I will keep a low profile.

Alien on February 18, 2014 at 11:03 PM

So those that worked hard to figure out the french fryer and moved up the ladder and now make $10.10 will be saying,, wtf?

wolly4321 on February 18, 2014 at 11:03 PM

How about it, Nancy, you f**king odalisque.

jaime on February 18, 2014 at 11:01 PM

Wow that’s a good one. Don’t know what it means, but it sounds good.

kcewa on February 18, 2014 at 11:03 PM

g. What does it look like when your post goes into moderation? Alien on February 18, 2014 at 10:51 PM

It doesn’t show up immediately. It might show up the next morning-or it might not show up at all.

annoyinglittletwerp on February 18, 2014 at 11:03 PM

Lanceman on February 18, 2014 at 11:01 PM

Always gives me a good laugh when Dire pokes the trolls. He did it last night once or twice. ; )

Bmore on February 18, 2014 at 11:04 PM

If only we could say that out here in California…

oscarwilde on February 18, 2014 at 11:02 PM

But Jerry says we are “priviledged”, and need to send our water north.

uncommon sense on February 18, 2014 at 11:04 PM

“This report confirms what we’ve long known: While helping some, mandating higher wages has real costs, including fewer people working,” Brendan Buck, a spokesman for House Speaker John Boehner, said in a statement. “With unemployment Americans’ top concern, our focus should be creating, not destroying, jobs for those who need them most.”


Newsmax? Quoting Newsmax? Quoting Newsmax quoting John Boehner?

Does HA get twofer points for the GOPe/advertiser link?

PolAgnostic on February 18, 2014 at 11:05 PM

annoyinglittletwerp on February 18, 2014 at 10:57 PM

I agree. It is just going to cause mire people to lose jobs.

TXMomof3 on February 18, 2014 at 11:05 PM

When government artificially raises the minimum wage by decree the only result is, over time, the national currency is debased exactly as if the government had printed paper money and injected that fiat currency into the market place.

For example, a street sweeper making fifty cents a day cleaning streets with a broom is still a street sweeper cleaning streets with a broom and a bucket even if that person is being paid $10,000 dollars an hour.

Or look at it this way, if you are making just a few dollars more than the current minimum, and suddenly over night, the government raises the minimum wage, you just took a pay cut because you are back to the minimum wage.

Or if the minimum wage is one million dollars a hour, you are not rich, you are still poor because you are still making the minimum wage.

You want to pay $25 dollars for a McDonalds happy meal? Raise the minimum wage.

Joseph OHenry on February 18, 2014 at 11:05 PM

What does it look like when your post goes into moderation? Alien on February 18, 2014 at 10:51 PM

It doesn’t look like anything. It sounds like a drone outside your window.

kcewa on February 18, 2014 at 11:06 PM

Hi gang! After a few crazy days away due to being locked up by my job, I am back to visit.

captnjoe on February 18, 2014 at 11:01 PM

I said just the other night, people were identifying their favorite n00bs and I said “I sure hope catnipjoe didn’t get bored. Ain’t seen him for a couple of days.”

Lanceman on February 18, 2014 at 11:06 PM

Well, I did my civic duty this afternoon.

annoyinglittletwerp on February 18, 2014 at 10:48

…did you do it at least twice?

KOOLAID2 on February 18, 2014 at 11:06 PM

kcewa on February 18, 2014 at 11:03 PM

I’m not sure why I popped that one off. She is so stupid and full of hate she just pi$$es me off.

jaime on February 18, 2014 at 11:06 PM

uncommon sense on February 18, 2014 at 11:02 PM

Fingers crossed for you that doesn’t happen. Its been the coldest I can remember in a while. It might end up being a late frost for us as well. Those always suck.

Bmore on February 18, 2014 at 11:07 PM

Uh oh, Ipad is dying–trying to find the cable….back soon….

Doc Holliday on February 18, 2014 at 11:07 PM

oscarwilde on February 18, 2014 at 10:59 PM

Where in San Diego do you live? I was in University Heights and Normal Heights for thirty years…

OmahaConservative on February 18, 2014 at 11:02 PM

Currently I’m in the North County, though I lived in both of those neighborhoods at on time or another. Spent the first half of the 90′s in University Heights, between Fairmount Ave and Myrtle Ave, and the later half of the 90′s in Normal Heights on the corner of 30th and Madison.

oscarwilde on February 18, 2014 at 11:07 PM

Calling all rude buffoons…

OmahaConservative on February 18, 2014 at 10:54 PM

Yea, I’m here.

captnjoe on February 18, 2014 at 11:07 PM

Always gives me a good laugh when Dire pokes the trolls. He did it last night once or twice. ; )

Bmore on February 18, 2014 at 11:04 PM

Heh! Yeah! BWAHAHAHAHA!!!!!! No more than twice! He needs Lanceman lessons on how to hit people in the head.

Lanceman on February 18, 2014 at 11:08 PM

odd words, then. I will keep a low profile. Alien on February 18, 2014 at 11:03 PM

Don’t do that. Just spell them wrong.

You couldn’t say revolution when I got here. Pizzed of the Paulians..

I think you still can’t say cas!no

wolly4321 on February 18, 2014 at 11:09 PM

Bmore on February 18, 2014 at 11:07 PM

It will be what it will be, and just like this administration, we’ll just have to suck it up and tough it out :)

uncommon sense on February 18, 2014 at 11:09 PM

Comment pages: 1 2 3 5