In response to:

Obama’s Minimum Wage Plan

Pistol Wrote: Feb 18, 2013 4:34 AM
I just read that 121% of the "recovery" is going to the upper 1 %. Since the real middle class of doctors, lawyers, engineers and successful small businessmen is breaking even at 5% unemployment, that means the gains of the upper 1% are coming out of the hides of those at the bottom of the economic totem pole. Naturally enough. As the economy becomes more complex, more automated, and foreign competition more effective, the position of unskilled labor deteriorates and illiteracy becomes a deadly burden. And Barry's response? Cancel the extremely successful DC voucher program so another 7000 DC black folks lose their chance for a good education. How's those barrynomics workin' out for ya, barryvoters?
loadstar Wrote: Feb 18, 2013 8:33 AM

Want to reduce unemployment among those on the bottom rungs? There are 8 MILLION+ working here ILLEGALLY who take the jobs of the low-skilled. Simply enforce EXISTING laws and ILLEGALS will go home. Eisenhower proved that enforcement can work with his Operation Wet_back.

ILLEGAL aliens, with few exceptions, ONLY SUPPLANT the unskilled and low-skilled.
But ironically, nobody would want to hire ILLEGALS when they can no longer be paid under the table. We will simply get stuck with many millions of typically ignorant poor, guvment-dependent,, and culturally disparate...it will be a DISASTER!

Economic research has only a tenuous relationship to economic policymaking in Washington. President Obama’s new proposal to raise the federal minimum wage from $7.25 to $9.00 is a case in point. It would bad for workers and the economy, but the administration seems to be ignoring the large body of theory and evidence on the issue.

Labor economist Mark Wilson discusses the economics of the minimum wage in an essay on Downsizing Government. Here are a few highlights:

There is no free lunch when...