MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘minimum wage’

The Cure for Homelessness | Mises Wire

Posted by M. C. on September 19, 2018

It obviously doesn’t occur to Sanders that builders cannot build low-cost housing for the poor in Seattle when zoning laws prohibit them from doing so.

https://mises.org/wire/cure-homelessness

One of most fascinating aspects of progressives (also known as “liberals”) is the blindness they display to the adverse consequences of their very own government programs. Instead of acknowledging what their statist programs do to people and then calling for their repeal, they inevitably call for new government programs to address the ills that their government programs are causing.

A good example of this phenomenon was an article entitled “The Homelessness Crisis Continues. Maybe Libertarians Have a Solution?” which was published last June by a newsweekly in Seattle called The Stranger.The author of the piece was an associate editor at The Stranger named Eli Sanders. Sanders is no dummy. In 2012 he was awarded a Pulitzer Prize in featured writing. His book, “While the City Slept,” was a finalist for the Washington State Book Award and the Dayton Literary Peace Prize.

Yet, Sanders’ article, which mocks and ridicules libertarians, including me, for their supposed solutions to homelessness is a pathetic display of moral, political, and economic obtuseness. That’s because Sanders, like other statists, simply cannot bring himself to acknowledge and address the two root causes of homelessness, especially in Seattle — zoning and minimum-wage laws, both of which are warmly and enthusiastically embraced by both the left and the right and ardently opposed by libertarians. Read the rest of this entry »

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Follow the Logic Through to Its Conclusion – Cafe Hayek

Posted by M. C. on August 12, 2018

Another argument that central planning does not work.

https://cafehayek.com/2018/08/follow-logic-conclusion.html

Here’s a letter to the Wall Street Journal:

Terri Sewell and Jim Kessler correctly argue that a one-size-fits-all national minimum wage makes no sense because different workers face different economic conditions depending on where they live (“A Better Minimum Wage,” August 9). But in calling for Uncle Sam to set minimum wages regionally rather than nationally, these authors fail to follow fully the sound logic of their argument.

Worker conditions vary not just regionally; they vary individually – from worker to worker and from job to job. While it is indeed absurd to suppose that there is a single optimal minimum wage for all low-skilled workers in both Boston and Biloxi, it is no less absurd to suppose that there is a single optimal minimum wage for all low-skilled workers in Boston and another such wage for all low-skilled workers in Biloxi. Even low-skilled workers in the same city block differ amongst themselves in their talents, experience, interests, attitudes, constraints, energy, and plans. Likewise, jobs for low-skilled workers differ in their demands, fringe benefits, and employment amenities.

The notion that politicians can set an ‘optimal’ minimum wage even for a tiny group of workers turns out to be no less fanciful than is the notion that politicians can set an ‘optimal’ minimum wage for an entire nation. Therefore, compared to having no mandated minimum wages whatsoever, even minimum wages set regionally would inevitably reduce and worsen the employment options available to low-skilled workers.

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University

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Poverty Is No Mystery – LewRockwell

Posted by M. C. on August 1, 2018

One of the reasons is that capitalism is always evaluated against the nonexistent, non-realizable utopias of socialism or communism.

Any earthly system, when compared with a utopia, will not fare well. Indeed, socialism sounds good but, when practiced, leads to disaster.

Poverty Is No Mystery

By 

Poverty is no mystery, and it’s easily avoidable. The poverty line that the Census Bureau used in 2016 for a single person was an income of $12,486 that year. For a two-person household, it was $16,072, and for a four-person household, it was $24,755. To beat those poverty thresholds is fairly simple. Here’s the road map: Complete high school; get a job, any kind of a job; get married before having children; and be a law-abiding citizen… Read the rest of this entry »

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Listen to “Myth-Busters: Reality Hits Minimum Wage Boosters” on Stitcher

Posted by M. C. on September 1, 2017

https://www.stitcher.com/s?eid=51021806&refid=asa

Minimum wage reality.

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Horrific Cruelty – LewRockwell

Posted by M. C. on July 12, 2017

https://lewrockwell.com/2017/07/walter-e-williams/horrific-cruelty/

Panera Bread, a counter-serve cafe chain, anticipates replacing most of its cashiers with kiosks. McDonald’s is rolling out self-service kiosks that allow customers to order and pay for their food without ever having to interact with a human. Momentum Machines has developed a meat-flipping robot, which can turn out 360 hamburgers an hour. These and other measures are direct responses to rising labor costs and expectations of higher minimum wages. Read the rest of this entry »

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Smashing Protectionist “Theory” (Again) | Mises Institute

Posted by M. C. on April 25, 2017

https://mises.org/library/smashing-protectionist-theory-again

During the 1966 congressional battle over a higher federal minimum wage, for example, the late Senator Jacob Javits (R-NY) freely admitted that one of his main reasons for supporting the bill was to cripple the southern competitors of New York textile firms. Since southern wages are generally lower than in the north, the business firms hardest hit by an increased minimum wage (and the workers struck by unemployment) will be located in the south.
Javits reaching back to the progressive origin of the minimum wage.

Be seeing you

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PA Governor Wolf – Here Is A Minimum Wage Increase Update From Wendy

Posted by M. C. on February 28, 2017

http://www.breitbart.com/big-government/2017/02/27/wendys-plans-kiosks-cut-labor-costs/

Fast-food restaurant chain Wendy’s will install self-order kiosks at 1,000 stores across the country by the end of 2017 to trim extra labor costs imposed by minimum wage hikes, NJ Advance Media reported.

Be seeing you

phoca_thumb_l_tcobb34

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PA Budget-A Novel Approach

Posted by M. C. on February 19, 2017

Novel in several ways.

PA Governor Wolf wants to balance the state budget. Reduce spending here, increase spending there. Same for taxes. It will be interesting when we see what is finally underneath all the sliding shells. He wants to take a $200 million loan on the state fairground property. Now that is a novel way to reduce debt.

More novel is raising the minimum wage to generate more income tax. Here are some novel assumptions:

Employers are going to keep all the minimum wage employees that will suddenly cost 50% more to employ.

Hours per week will not drop. Read the rest of this entry »

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The Minimum Wage Disaster – LewRockwell

Posted by M. C. on February 8, 2017

https://lewrockwell.com/2017/02/walter-e-williams/minimum-wage-disaster/

In 1925, the South African Economic and Wage Commission said, “The method would be to fix a minimum rate for an occupation or craft so high that no Native would be likely to be employed.” 
The same reason US progressives instituted our minimum wage laws.

IF the reason for today’s minimum wage theatrics are different, the result always has been the same.


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Amazon planning to open robotic supermarket staffed by just TWO humans, sources claim

Posted by M. C. on February 6, 2017

https://www.thesun.co.uk/news/2795408/amazon-planning-to-open-robotic-supermarket-staffed-by-just-two-humans-sources-claim/

Two whole humans.  Hardly seems worth it. A big dose of minimum wage hike will take care of them.

Maggy Thatcher is credited with saying the problem socialism is after a while you run out of other people’s money. 

At Amazon no one is making any let alone running out. Thanks in part to the robotics enhancement act (minimum/prevailing wage).

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