Democrats love to talk about raising the minimum wage. It makes them look magnanimous, it makes them appear caring, and it doesn’t come out of their pocket. It also gets them votes from people that want more money for what they do. Whether what they do is worth more money or not.
People are always going to want to make more for their labor. It’s human nature and politicians know that. What some people seem unwilling to take into account is that what they are doing isn’t worth more money to an employer. If they cannot make enough to support themselves where they are perhaps it’s time to move on to a better paying job. One that requires more skills and experience.
According to Forbes:
Changes in wages are secondary factors in the national labor market; demand is, by far, the primary one. The falling unemployment of the 1920s was a result of the booming economy (driven in particular by the automobile industry), not a fall in wages; the Great Depression occurred not because wages suddenly jumped, but due to the fact that investment spending collapsed; World War II reversed this not with lower wages, but with rising demand created by the wartime economy; et cetera, et cetera.
If you haven’t the talent, education or motivation to do anything except ask if a customer wants fries with that why on earth should an employer pay you what is called a “living wage”? It isn’t intended as a wage to support a family. It is intended as an entry level position to train young people to get up, go to work, follow directions to do a task and take home a paycheck for their labor. Basic lessons to learn to enter the work place. Often, usually for young people that are not through with their education. An education that should prepare them for jobs that pay more and demand more.
Some how along the way the whole concept of entry level seems to have been lost. Now Fast Food Workers want to make enough money to raise a family. And Fast Food Employers say welcome to the $12.00 burger.
It has been proved time after time that raising the minimum wage reduces employment and stops expansion. The very expansion that would lead to more jobs. If the left gets their way, and if the Fast Food Workers, among others, get their way, the summer jobs for teenagers will in time disappear. No employer is going to pay big bucks for some kid to learn on the job. They just won’t. If they have to pay a “living wage” they will hire people with more skills and more experience.
A survey of American economists found that 90 percent of them regarded minimum wage laws as increasing the rate of unemployment among low-skilled workers. Inexperience is often the problem. Only about two percent of Americans over the age of 24 earned the minimum wage.
Milton Friedman explained it all quite simply a long time ago: (Look how young Phil Donahue was.)https://youtu.be/d_ywk9-g5eQ
Quite honestly I don’t think the Democrats give a rat’s behind about people earning minimum wage. What they care about is getting the vote of the people earning minimum wage. So minimum wage is just one more of their benevolent ideas. And another one they don’t have to pay for. We do. And any that oppose their bighearted ideas are selfish meanies that don’t want to help poor people. You would think that such silly arguments wouldn’t work well with adults. You would be wrong.
Although I am a long way from thinking the Republicans are fiscal conservatives, as I once naively believed, the have been consistent in their opposition to raising the minimum wage and it’s negative effects on the economy. Until Don the Con came along. But who knows, he may be against it tomorrow depending on what all those voices in his head have to say.
I found that the following commentary from Diana Furchtgott-Roth from a couple of years ago made some very good points against raising the minimum wage. The fact that the New York Times is vehemently for also tends to color my opinion. They almost always seem to be for what I am against. This issue is no different.
If raising the minimum wage were cost-free, why stop at $10 or $15 an hour? Why not go straight to $24 an hour, the average hourly wage? That might be considered fair, because no one would have to earn less than average.
The answer, of course, is because some people are displaced at any minimum wage. It is obvious to the general public that increasing the minimum wage to $24 an hour would displace workers. It is less obvious when amounts are smaller. But when the minimum wage is raised, employers hire higher-skilled people, or switch to different forms of technology, such as placing orders through touchscreens.
I can’t and don’t pretend to be some kind of an expert on raising the minimum wage. I do believe what I’ve read and results that have been seen. People I respect are adamantly against raising the minimum wage. People for whom I have absolutely NO respect are adamantly for raising the minimum wage. That makes it easier for me to make up my mind what I believe.
We all have to decide what we believe about this issue. A new minimum wage means that the hourly wage for my husband will rise substantially. Can’t have people who have been working somewhere for many years and have seniority making less than new hires. Thus the cost of running the business goes up considerably. That has meant, in the past where my husband works, that part of the cost is passed on to the customer, and ultimately to you and I, and fewer workers are expected to do the work.
We prefer merit raises. It means more to the ego and it costs us less in the long run. That’s where I stand – how about you?