Proof the Elite Hate the People   7 comments

Ya-all know about my mind crush for Walter E. Williams, who is an economist who can actually apply that obscure science to reality and communicate it. Here he is on the minimum wage. Lela

Elitist Arrogance

White teenage unemployment is about 14 percent. That for black teenagers is about 30 percent. The labor force participation rate for white teens is 37 percent, and that for black teens is 25 percent. Many years ago, in 1948, the figures were exactly the opposite. The unemployment rate of black 16-year-old and 17-year-old males was 9.4 percent, while that of whites was 10.2 percent. Up until the late 1950s, black teens, as well as black adults, were more active in the labor market than their white counterparts. I will return to these facts after I point out some elitist arrogance and moral bankruptcy.

Supporters of a $15 minimum wage are now admitting that there will be job losses. “Why shouldn’t we in fact accept job loss?” asks New School economics and urban policy professor David Howell, adding, “What’s so bad about getting rid of crappy jobs, forcing employers to upgrade, and having a serious program to compensate anyone who is in the slightest way harmed by that?” Economic Policy Institute economist David Cooper says: “It could be that they spend more time unemployed, but their income is higher overall. If you were to tell me I could work fewer hours and make as much or more than I could have previously, that would be OK.”

What’s a “crappy job”? My guess is that many of my friends and I held the jobs Howell is talking about as teenagers during the late 1940s and ’50s.

Source: Proof the Elite Hate the People

7 responses to “Proof the Elite Hate the People

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  1. Someone once argued with me that technological advances would happen no matter what and we shouldn’t hold them back. I agreed, but when I responded that the advances (Like kiosks in Wendys) are mostly done out of desperation to cut costs and save a business instead of natural advancement he looked at me like I wasn’t supposed to think of that and he quickly changed the subject. Go figure.

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    • Exactly. I’d love for my 17 year old to make $15 an hour. But I’m not willing to pay $15 for a fast food burger so he can do that. Fortunately for him, in December he turns 18 and can go work construction and make $15 an hour (we live in Alaska, where wages and cost of living are high). It beats flipping burgers. But I’m not looking forward to paying for burgers that are made by robots. That represents teenagers who can’t get any work experience because their skills aren’t worth $15 an hour. It also represents a mechanization of our society that I think we’ll regret in the end.

      Hey, you ought to let me interview you sometime. Science fiction writer, right? If you’re interested, send me an email at lelamarkham@gmail.com and I’ll send you questions.

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      • Agreed. We’re so quick to jump onto a well-intentioned/sounds good idea we often don’t take the time to see what could be waiting on the horizon. Unfortunately, so many need to experience something to learn from it.

        That’s awesome to hear about your son. Glad he has a chance to start off in a solid industry. Wish him the best. 🙂

        Yep, I have one sci-fi story out and a couple of others in the works. I’ll send you an email later this afternoon. Thanks! 🙂

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      • Progressives tend not to look at history and learn from it. You’re right about the well-intentioned/sounds good idea. When presented with a sounds-good idea, they don’t look into the past and say “Hey, this didn’t work before” or “Hey, look at the negative consequences of this when it was tried a decade ago.” Instead, they reject the whole notion that a well-intentioned plan can be seriously flawed because it violates the basic principles of economics and human nature.

        The thing is, we’ve tried this before and we know what the results are, but there are actually idiots out there who see the job losses as a good thing. Why work for a low wage? It’s just better to not work if you’re not going to be paid what you want. Some activist actually said that recently.

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      • Sadly, I’m not surprised. I had an 80+ year old teacher try that with me and he tried to play off everything as “It’s the right thing to do” and deflected my points like how would raising the minimum wage to $15 be different than the previous 21 times? I’m amazed how so many seem to refuse to accept facts and common sense just so they can be considered a good person by their peers. It’s part of the reason I rarely talk politics anymore. I’m not a fan of continuously beating my head against a wall. lol

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      • My very first real job (not for my mother’s daycare center) was minimum wage – $2.71 an hour (1977). It was a hard job — washing and drying hotel laundry in a local laundromat in the heat of summer. Sweaty work. The boss was nice though. I was invited to work there the next summer. But that winter there was a minimum wage hike and Mr. Stansbury decided to retire because his profit margin evaporated. The only other laundromat in the area didn’t expand, didn’t hire more people, had lines out the door and hiked their prices because they were now a functional monopoly. I got a job at that hotel we used to do the laundry for. They had stopped doing daily sheet changes because their laundry prices had nearly doubled.

        So, no, new jobs, reduced service to the public, higher prices to the public, and higher prices to other businesses.

        And we wonder why our economy is in so much trouble and there are 93.5 million working-age Americans who have been without work so long that they are no longer counted by government statistics. Of course, some of those people are working in the grey market and I applaud them for that. When the government’s well-intentioned stupidity makes you unemployable by conventional means, make your own means.

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      • Definitely. The one good thing about economic downturns is they spur people to strike out on their own. It’s sad it happens because options are taken away, though.

        I started at $4.20 an hour in 93 in Burger King (I can still remember how to make all of their sandwiches). It was easy, but it also encouraged me to improve myself and find something better. Now it’s become a full-time job with all the well-intentioned intrusion.

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