Minimum Wage, Maximum Stupidity

[miketx]

I saw an old friend today who has 2 restaurants in Washington. Thanks to increased taxes, she is selling one of them (after shutting it down and firing the employees) and when min wage increases, she's paring down the number of employees at the remaining, smaller business.

Another example of government regulation killing small business and supporting a few major corporations only.

Yes, everyone can plainly see how small businesses all went broke since minimum wage was enacted.

Typical lefty, lies when the truth sounds better.

 

[danielpalos]

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor. When the cost of hiring low-skilled workers moves higher, jobs are lost. Despite this, minimum wage hikes, like the one set to take effect later this month, are always seen as an act of governmental benevolence. Nothing could be further from the truth.

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price. If all the quotes are too high, most of us will grab some Drano and a wrench, and have at it. Labor markets work the same way. Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if an unskilled worker is capable of delivering only $6 per hour of increased productivity, such an individual is legally unemployable with a minimum wage of $7.25 per hour.

Minimum Wage, Maximum Stupidity by Peter Schiff

Nobody takes the right wing seriously about economics.

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages.

We don't have a free market and never did.

 

[miketx]

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor. When the cost of hiring low-skilled workers moves higher, jobs are lost. Despite this, minimum wage hikes, like the one set to take effect later this month, are always seen as an act of governmental benevolence. Nothing could be further from the truth.

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price. If all the quotes are too high, most of us will grab some Drano and a wrench, and have at it. Labor markets work the same way. Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if an unskilled worker is capable of delivering only $6 per hour of increased productivity, such an individual is legally unemployable with a minimum wage of $7.25 per hour.

Minimum Wage, Maximum Stupidity by Peter Schiff

Nobody takes the right wing seriously about economics.

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages.

We don't have a free market and never did.

The fact that you deny the facts that prove the fail of a minimum relegates you to the junk pile of libstains.

 

[danielpalos]

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor. When the cost of hiring low-skilled workers moves higher, jobs are lost. Despite this, minimum wage hikes, like the one set to take effect later this month, are always seen as an act of governmental benevolence. Nothing could be further from the truth.

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price. If all the quotes are too high, most of us will grab some Drano and a wrench, and have at it. Labor markets work the same way. Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if an unskilled worker is capable of delivering only $6 per hour of increased productivity, such an individual is legally unemployable with a minimum wage of $7.25 per hour.

Minimum Wage, Maximum Stupidity by Peter Schiff

Nobody takes the right wing seriously about economics.

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages.

We don't have a free market and never did.

The fact that you deny the facts that prove the fail of a minimum relegates you to the junk pile of libstains.

You are supposed to, "disprove" what I said, with a valid argument, not just a fallacy of argumentum ad hominem.

that is why, nobody takes the right wing seriously about economics, or the law.

 

[miketx]

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor. When the cost of hiring low-skilled workers moves higher, jobs are lost. Despite this, minimum wage hikes, like the one set to take effect later this month, are always seen as an act of governmental benevolence. Nothing could be further from the truth.

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price. If all the quotes are too high, most of us will grab some Drano and a wrench, and have at it. Labor markets work the same way. Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if an unskilled worker is capable of delivering only $6 per hour of increased productivity, such an individual is legally unemployable with a minimum wage of $7.25 per hour.

Minimum Wage, Maximum Stupidity by Peter Schiff

Nobody takes the right wing seriously about economics.

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages.

We don't have a free market and never did.

The fact that you deny the facts that prove the fail of a minimum relegates you to the junk pile of libstains.

You are supposed to, "disprove" what I said, with a valid argument, not just a fallacy of argumentum ad hominem.

that is why, nobody takes the right wing seriously about economics, or the law.

Non stop BS is all you throw. I won't even try to prove anything to you liars because all you do then is lie more. There are thousands of examples of this here on this forum. Case closed.

 

[danielpalos]

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor. When the cost of hiring low-skilled workers moves higher, jobs are lost. Despite this, minimum wage hikes, like the one set to take effect later this month, are always seen as an act of governmental benevolence. Nothing could be further from the truth.

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price. If all the quotes are too high, most of us will grab some Drano and a wrench, and have at it. Labor markets work the same way. Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if an unskilled worker is capable of delivering only $6 per hour of increased productivity, such an individual is legally unemployable with a minimum wage of $7.25 per hour.

Minimum Wage, Maximum Stupidity by Peter Schiff

Nobody takes the right wing seriously about economics.

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages.

We don't have a free market and never did.

The fact that you deny the facts that prove the fail of a minimum relegates you to the junk pile of libstains.

You are supposed to, "disprove" what I said, with a valid argument, not just a fallacy of argumentum ad hominem.

that is why, nobody takes the right wing seriously about economics, or the law.

Non stop BS is all you throw. I won't even try to prove anything to you liars because all you do then is lie more. There are thousands of examples of this here on this forum. Case closed.

You are supposed to, "disprove" what I said, with a valid argument, not just a fallacy of argumentum ad hominem.

that is why, nobody takes the right wing seriously about economics, or the law.

 

[miketx]

See an optometrist.

 

[danielpalos]

in other words, if you cannot beg the question; y'all, got nothing.

 

[danielpalos]

we could be solving simple poverty on an at-will basis in our at-will employment States.

the right wing, has a problem with it.

 

[danielpalos]

I saw an old friend today who has 2 restaurants in Washington. Thanks to increased taxes, she is selling one of them (after shutting it down and firing the employees) and when min wage increases, she's paring down the number of employees at the remaining, smaller business.

Another example of government regulation killing small business and supporting a few major corporations only.

Yes, everyone can plainly see how small businesses all went broke since minimum wage was enacted.

Typical lefty, lies when the truth sounds better.

Henry Ford doubled autoworker worker wages not minimum wages. He didn't complain; he was Patriotic.

 

[miketx]

I saw an old friend today who has 2 restaurants in Washington. Thanks to increased taxes, she is selling one of them (after shutting it down and firing the employees) and when min wage increases, she's paring down the number of employees at the remaining, smaller business.

Another example of government regulation killing small business and supporting a few major corporations only.

Yes, everyone can plainly see how small businesses all went broke since minimum wage was enacted.

Typical lefty, lies when the truth sounds better.

Henry Ford doubled autoworker worker wages not minimum wages. He didn't complain; he was Patriotic.

did you know Mr. Ford well?

 

[danielpalos]

I saw an old friend today who has 2 restaurants in Washington. Thanks to increased taxes, she is selling one of them (after shutting it down and firing the employees) and when min wage increases, she's paring down the number of employees at the remaining, smaller business.

Another example of government regulation killing small business and supporting a few major corporations only.

Yes, everyone can plainly see how small businesses all went broke since minimum wage was enacted.

Typical lefty, lies when the truth sounds better.

Henry Ford doubled autoworker worker wages not minimum wages. He didn't complain; he was Patriotic.

did you know Mr. Ford well?

it is, historical fact, "Jack".

 

[Kevin_Kennedy]

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor. When the cost of hiring low-skilled workers moves higher, jobs are lost. Despite this, minimum wage hikes, like the one set to take effect later this month, are always seen as an act of governmental benevolence. Nothing could be further from the truth.

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price. If all the quotes are too high, most of us will grab some Drano and a wrench, and have at it. Labor markets work the same way. Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if an unskilled worker is capable of delivering only $6 per hour of increased productivity, such an individual is legally unemployable with a minimum wage of $7.25 per hour.

Minimum Wage, Maximum Stupidity by Peter Schiff

Nobody takes the right wing seriously about economics.

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages.

We don't have a free market and never did.

Hence all the problems.

 

[danielpalos]

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor. When the cost of hiring low-skilled workers moves higher, jobs are lost. Despite this, minimum wage hikes, like the one set to take effect later this month, are always seen as an act of governmental benevolence. Nothing could be further from the truth.

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price. If all the quotes are too high, most of us will grab some Drano and a wrench, and have at it. Labor markets work the same way. Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if an unskilled worker is capable of delivering only $6 per hour of increased productivity, such an individual is legally unemployable with a minimum wage of $7.25 per hour.

Minimum Wage, Maximum Stupidity by Peter Schiff

Nobody takes the right wing seriously about economics.

In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages.

We don't have a free market and never did.

Hence all the problems.

Capitalism died 1929; socialism has been bailing it out, ever since.

 

[PK1]

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price.

The cheap & stupid consumers would do that.
I go for best quality service/goods at the best price. Often i pay more to get better quality.
Maybe happier employees correspond to better service.

 

[danielpalos]

It is amazing what can be learned on YouTube, in modern, Information Age times.