RoyalOrleans
New member
Friday, the federal minimum wage was set to increase to $7.25. Just what our economy needs to get things moving again, right? Wrong. Even people educated in government schools can figure out how this one is going to turn out.
Wages increase. Employers have to figure out ways to get the extra funds. The first way would be to increase the amount of cash coming in. That's easier said than done .. especially considering this economy. Another way could be to scale back employee hours. Suddenly that increase doesn't seem to matter much, because your employer needs you less --- or you could simply fire people! Get rid of them! Less employees in the work force means longer lines at the unemployed office.
I'm not just blowing smoke here. When I was in high school I got a job bagging groceries at the Winn Dixie on Washington Ave. in Gainesville, Georgia. I was being paid the minimum wage. After a few months on the job the minimum wage went up by 25 cents. The manager of the store fired me. He said that the increase in the minimum wage increased his bag boy budget over the limit, and since I was the last hired I would be the one who had to go. My first real brush with the idiocy of government intervention in the marketplace. I was willing to work for the hourly rate I was getting, and the manager was willing to pay me that rate ... but the government said no. Back then I just couldn't understand what role the government had in the wage negotiations between me and my employer. I thought that the government's responsibility would be to provide the means of forcing compliance with whatever agreement we made .... But did I ever have a lot to learn.
Basically what you can expect is for this to prolong the economic recovery. But it could get even worse. Did you know that one of Barack Obama's campaign promises was to raise the minimum wage to $9.50 an hour by 2011? Yeah, that'll really work wonders for our economy.
But advocates for the minimum wage increases love to use this phrase "the working poor." I'm sorry, folks but nobody in their right mind should expect for you to raise a family earning minimum wage. If you do, you are a low-life. You are a failure. "The working poor" is just a fancy way of masking that reality. But with this minimum wage increase, it looks like we are going to have less "working poor" people to worry about and more plain 'po people.
Probably good news for the Democrats.
Wages increase. Employers have to figure out ways to get the extra funds. The first way would be to increase the amount of cash coming in. That's easier said than done .. especially considering this economy. Another way could be to scale back employee hours. Suddenly that increase doesn't seem to matter much, because your employer needs you less --- or you could simply fire people! Get rid of them! Less employees in the work force means longer lines at the unemployed office.
I'm not just blowing smoke here. When I was in high school I got a job bagging groceries at the Winn Dixie on Washington Ave. in Gainesville, Georgia. I was being paid the minimum wage. After a few months on the job the minimum wage went up by 25 cents. The manager of the store fired me. He said that the increase in the minimum wage increased his bag boy budget over the limit, and since I was the last hired I would be the one who had to go. My first real brush with the idiocy of government intervention in the marketplace. I was willing to work for the hourly rate I was getting, and the manager was willing to pay me that rate ... but the government said no. Back then I just couldn't understand what role the government had in the wage negotiations between me and my employer. I thought that the government's responsibility would be to provide the means of forcing compliance with whatever agreement we made .... But did I ever have a lot to learn.
Basically what you can expect is for this to prolong the economic recovery. But it could get even worse. Did you know that one of Barack Obama's campaign promises was to raise the minimum wage to $9.50 an hour by 2011? Yeah, that'll really work wonders for our economy.
But advocates for the minimum wage increases love to use this phrase "the working poor." I'm sorry, folks but nobody in their right mind should expect for you to raise a family earning minimum wage. If you do, you are a low-life. You are a failure. "The working poor" is just a fancy way of masking that reality. But with this minimum wage increase, it looks like we are going to have less "working poor" people to worry about and more plain 'po people.
Probably good news for the Democrats.
