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calendar   Thursday - July 15, 2004

More on Mimimum Wage

I'd meant to post this later but a new reader's comments force me to do this now. The issue is minimum wage and I would venture to say our reader is either uninformed on matters economic, failed it in high school and college, or maybe, just maybe, is of the political persuasion that stresses emotion and feeling rather than logic and fact in the guidance of their decision making process.

Minimum wages HURT rather than help the economy. Politicians, especially Dummycraps, continually beat the drum that our current minimum wage will not allow a person to raise a family. Well, DUH!!! Of course not! If you have a family and have just a minimum wage job, poverty will be your friend for the rest of your life. And deservedly so. Taxpayers and businesses should not have to bail you out because you are incompetent and can not find something better. You should have thought of that before you had kids. Either that or get 2 jobs to support your family.

For you bleeding hearts about to pounce, allow me to state that OCCASIONALLY people lose their jobs and have to get minwage jobs. But if they have any ambition and skills, that job will be transitory.

Now, let's really discuss who earns minimum wage. There may be millions of people who do so but according to the Bureau of Labor Statistics,
"Slightly over half of workers earning $5.15 or less were under age 25, and about one-fourth were age 16-19. ... About 2 percent of workers age 25 and over earned the minimum wage or less."

Many of those people are students or kids just starting out. The rules about ambition and skills apply here, too.

Now, did you know that only about 2% (TWO PERCENT) of American workers OVER 25 earn the minimum wage?

Liberals scream, "OH MY GOD, VILMAR!!! THAT'S AWFUL!! THOSE POOR PEOPLE! WE HAVE TO DO SOMETHING TO HELP THEM!"

My response? "FUCK 'EM!!!"

You know why? Because many of those people are either wives looking for something to do to get out of the house and hope to soon transition to something better but do not really need to because hubby earns a good enough salary or they are retirees (like me) who are bored and will take anything as long as it is interesting. Plus we can tell the boss to go fuck himself as we do not need a reference!

Businesses and the American taxpayer should not be saddled with paying you more money just because you think you want more. If you are worth it, quit and get something better. If you are not, I'll see you at a drive-up window when you ask me if I want to "super size that?"

So, enough of my ranting, read this article by Alan Reynolds (a senior fellow at the Cato Institute who previously served as director of economic research at the Hudson Institute and as vice president and chief economist at both Polyconomics and at the First National Bank of Chicago. ) Whaddya think, is he experienced in that about which he speaks? I think so.

See what he has to say about the direct correlation between minimum wage hikes and the increasing numbers of people making LESS THAN minimum wage! Oh, yeah! It happens!

He also says this about those who bray so loud and long for higher minimum wages:
"Cutting off the lowest rung on the ladder of opportunity may please some members of labor organizations who stand much higher on the ladder, because it reduces future competition for better jobs."

So if you are one of those who demand a higher minimum wage you would be subjecting millions of others to even lesser amounts. Surely as a caring and loving liberal you can't have that, can you? Or is it that it is all smoke, mirrors and bullshit to keep the American public misinformed through deceptive emotional outcries?

Oh, one more thing, go read this post I made several months ago about poverty. It will tell you about the fate of those who are in poverty in the US and how many people, when in the bottom quintile of earnings, often go from the bottom to very near the top. Life is a cycle. I should not have to make it my responsibility to guarantee you more money for your labor nor should businesses be saddled with it either.

And when you are done with that one, then go re-read this.

Now, GO!! DISMISSED!!!
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Posted by Ranting Right Wing Howler   United States  on 07/15/2004 at 10:31 AM   
Filed Under: • Miscellaneous •  
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