SalineRepublican 
Member since Nov 7, 2010


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Re: “Could you live on the minimum wage?

The question I keep asking myself is which issue I will bring up to Obama when I have dinner with him. He just had dinner with 4 people in Kansas City last night who had written him and I have now written him over 600 times so I am sure to be on the list to meet with him.

Here are some videos from his dinner last night at the best BBQ joint in KC:

http://thedailyhatch.org/2014/07/30/open-l…

Posted by SalineRepublican on 07/30/2014 at 9:41 AM

Re: “Could you live on the minimum wage?

Walter Williams makes a very good point in this interchange on FREE TO CHOOSE in 1980 and I am sure the liberals on this blog will feel like vomiting after reading this:

W. WILLIAMS: The point is, is that, I think that both these gentlemen, we all should recognize is that unions in the United States support the minimum wage. They are the major supporters. They spend millions and millions of dollars in lobbying for the minimum wage law. They do it out of the name of concern and being in the interest of people. Now, in South Africa the unions are far more honest. That is those white racist unions over there they say we support minimum wages and equal pay for equal work so as to protect white jobs. That is to protect white jobs__

L. WILLIAMS: Are you implying __

W. WILLIAMS: __ from low price competition.

L. WILLIAMS: Are you now implying, wait, that we’re white racists?

W. WILLIAMS: No, I’m not saying that. I’m saying that it doesn’t make any difference about the intent. The effects are __ the effects are __

GREEN: Walter, the Urban League supports minimum wage the __ Ben Hooks at NAACP supports minimum wage.

MCKENZIE: The floor belongs to Ernest.

W. WILLIAMS: They have very good reasons to support minimum wage.

GREEN: Why?

W. WILLIAMS: Their group that they represent __

GREEN: Why __

W. WILLIAMS: They represent middle class blacks.

GREEN: No, no, no.

W. WILLIAMS: They don’t represent the poor blacks on the streets.

GREEN: The membership of the NAACP probably has as many __

W. WILLIAMS: And they’re owned by them. They’re owned by the AFL-CIO.

1 like, 0 dislikes
Posted by SalineRepublican on 07/30/2014 at 7:56 AM

Re: “Could you live on the minimum wage?

This is from the transcript and video of FREE TO CHOOSE in 1980:

MILTON FRIEDMAN:
You know, consumers enter into this situation, too. You might think that somehow or other, you know __one of the things that’s always a mystery to me, if a $2.90 minimum wage benefits people why wouldn’t a $6 minimum wage be better? Wouldn’t a $10 minimum wage be better? Why don’t these people come out for a $200 figure minimum wage? If all you had to do to make a country __

VOICE OFF SCREEN: You’re pretty smart __

FRIEDMAN: Two hundred dollars an hour.

WALTER WILLIAMS: Or extend it to babysitters.
http://thedailyhatch.org/2014/07/10/open-l…

1 like, 0 dislikes
Posted by SalineRepublican on 07/30/2014 at 7:50 AM

Re: “Could you live on the minimum wage?

Dan Mitchell of the Cato Institute observed:

I often ask such people whether they are more likely to buy a Big Mac if McDonald’s raises the price by 24 percent. They say they are less likely.

I then ask them if they are more likely to buy a car if GM increases the price of a Buick by 24 percent. They say less likely, of course.

But they seem to have a blind spot when I ask them whether employers will be more likely or less likely to hire low-skilled workers when the government increases the cost of those workers by 24 percent.

__________
Two editorial cartoons on Min Wage
http://thedailyhatch.org/2013/03/07/dan-mi…

1 like, 0 dislikes
Posted by SalineRepublican on 07/30/2014 at 7:44 AM

Re: “Could you live on the minimum wage?

Economist Walter Williams (mentored by Friedman) noted:
I agree that a minimum wage hike entails risk, but I fear those risks are to the economy rather than to politicians. Much to my dismay, a majority of voters generally support this misguided policy.

In my attempts to educate these misguided souls, I try to figure out why they favor certain policies. In the case of the minimum wage, this is my rough-draft list of why some people support this perverse form of government intervention.

1. They understand low-income people will suffer if the minimum wage is increased, but that is acceptable collateral damage in the quest for political power.

2. They understand low-income people will suffer in the short run, but they rationalize this harm because there will be more redistribution in the long run if they obtain political power.

3. They understand low-income people will suffer, but that is an acceptable price to pay since it means unions will have more negotiating leverage once low-income workers are priced out of the market.

4. They think low-income people will benefit because the economy is a fixed pie and a mandate to pay more to low-income workers will merely result in less income for the rich.

5. They think low-income people will benefit because of the magic of Keynesian economics – i.e., beneficiaries will have more income, which will then get spent, thus stimulating the economy.

6. They are impervious to evidence and instead are motivated solely by a sense that there should be a minimum income in a “fair” and “compassionate” society.

It’s quite possible, of course, for someone to support higher minimum wages for more than just one reason. Indeed, I suspect supporters of the minimum wage can be divided into two groups. The politicians and union bosses tend to believe in higher minimum wages for reasons 1, 2, and 3, while ordinary people are likely to support intervention for reasons 4, 5, and 6.

http://thedailyhatch.org/2012/09/14/why-do…

1 like, 0 dislikes
Posted by SalineRepublican on 07/30/2014 at 7:40 AM

Re: “The Cotton-Pryor open line: New polling gives slight edge to Cotton; Cotton called down again

Cotton will eventually pull away to win by 8 points.

1 like, 4 dislikes
Posted by SalineRepublican on 07/30/2014 at 7:39 AM

Re: “Could you live on the minimum wage?

"Paying Top Dollar for Legislators" I agreed with what you said but since we are all surrounded with sarcastic jokers I misunderstood your post.

1 like, 0 dislikes
Posted by SalineRepublican on 07/29/2014 at 1:47 PM

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