In response to:

Barack Obama and the Teachable Wage

NewJAl Wrote: Feb 17, 2013 1:25 PM
I know the arguments, and they are tedious to read through, again. Does anyone wonder why my parents got and ice cream cone for ten cents and my son thinks nothing of paying a dollar fifty? Who is kidding who, here? Nobody is getting richer with this. One advantage, which I am sure the banks have computed in, is that you can borrow for a house and pay it back with dollars that are, continually, much lower in purchase power than the ones you borrowed. I do believe young people benefit with entry level job and salaries, learning to get to work on time, or else.
NewJAl Wrote: Feb 17, 2013 1:39 PM
Few bosses wish to hire a kid for 9 dollars an hour, as they are often a trial and drain. Not always, as some stupid souls jump on any absolute statement, making themselves feel intelligent by doing so.
And in private industry, a worker must produce, excepting union corruption, of course. Watch the boss. He or she is often moving 2x the speed.
In Government, productivity may not matter as much as ethnic origin or who knows who. And I have seen many an imitation of a two toed sloth on the part of a public servant, sad to say. Others are often carrying them, and working circles around them, all for the same pay. No competition or stress, and you get a dairy cow, not a stag.
bbtruth Wrote: Feb 17, 2013 5:40 PM

February 17, 2013

The U.S. President wants to up the national minimum wage to $9 per hour. How daring.

Such pushes to increase the legal minimum wage often succeed. There’s no mystery why. Most folks’ wages are not directly affected; we work for far more than that minimum. So it’s about other people. One consequence of this is that we don’t think very carefully about the logic of the regulation.

Which is why so many of us simply bow to social pressure, thinking that opposition to raising the minimum wage is “uncaring.”...

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