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Are you ready to admit that raising the MW would increase the wages of more than just MW earners?"He said no such thing!"He said no such thing!You really should be more careful when you toss around phrases such as "pathological liar....' because they tend to have a boomerang effect when you use it.
he is saying 28 million are working at minimum wage.
You continue to lie even after I highlighted exactly what he said, which is why you have earned being called a pathological liar.
Yeah, he did.
" Weekly Address: America Is a Place Where Hard Work Should Be Rewarded Increasing the national minimum wage to $10.10 an hour would benefit 28 million Americans,
Ready to admit you lie about everything?
Apparently YOU!Talk about stupid!!!
What moron wouldn't recognize that this would force the wages of every....every!.....category up
What???
You demand more remedial education?????
Well....a conservative is never so tall as when she stoops to teach a Liberal...
This, I believe is from "Race and Economics," by Walter E. Williams, chapter three.
- Minimum wage laws actually lower the cost of discriminating against the racially less-preferred individuals. To understand, consider this nonracial example on the effects of such ‘price-setting.’
- Consider filet mignon and chuck steak. For argument’s sake, and in reality, consumers prefer the former.
- Now ask, then why does chuck steak sell at all? And, in fact, why is it that chuck steak outsells filet mignon?? It is less preferred…yet competes favorably with something more preferred??
- The answer is in what economists call ‘compensating differences.’ In effect the chuck says to you: “I’m not as tender nor tasty, but not as expensive,either! I sell for $4/pound, and filet mignon sells for $9/pound.”
- Chuck steak, in effect, offers to ‘pay’ you $5/pound for its ‘inferiority,’ a compensating difference.
- What if filet mignon sellers wanted to raise their sales against the less-preferred competitor, but couldn’t get a law passed forbidding the sale of chuck, what should they aim to do?
- Push for a law establishing a minimum steak-price, say, $9/pound for all steak.
- Now…chuck steak says: I don’t look as nice, I’m not tender or tasty as filet mignon, and I sell for the same price….Buy me!
- Prior to legislation, the cost of discriminating against chuck steak was $5/pound…Now?
Minimum wage law encourage racial and other discrimination (thank you, Obama).
Now you see why you should have stayed in school instead of running off to join the circus????