The Minimum Wage Increases Are Working ! ! !

Bloomberg.com has announced that the new minimum wage increases are working !

As the arbitrary amounts that must be charged for teen-age labor are dramatically increased by congressional mandate, demand for teen-age later decreases ! Businesses are responding rationally by hiring fewer low-skilled workers.

I'm sure that the ultra-compassionate individuals who lobbied for this are pleased. I know I am. You know why? I'll tell you later....

We've got two more increases to go ! There is no telling what kind of unemployment we can achieve among low skill workers and teenagers if we just keep trying. So let's get out those hacksaws, and slice a few more of the bottom rungs off the career ladder, shall we? You know why I want Congress to slice a few more of the bottom rungs off the career ladder? I'll tell you later....

Let's do what we can to destroy the ladder for racial minorities. The Davis-Bacon act, one of our first minimum wage laws, was highly succesful in its stated goal of ensuring full white employment at the expense of African-Americans.

Let me quote the great Dr. Thomas Sowell: "Most economists have long recognized that minimum wage laws increase unemployment among the least skilled, least experienced, and minority workers. With a little experience, these workers are likely to be worth more. But they cannot move up the ladder if they can't get on the ladder."

But I don't want them on my ladder. I think it's mine by birthright.

So lobby your congressperson and your senators for more increases in the minimum wage. Hell, let's double it. It's highly effective when the government jacks around with the economy. Especially if you're an old white guy.

Heh heh heh heh....