The New York Times Should Raise Its Price By 50% Between Now And 2016

How do you get people to purchase more of something?  According to the New York Holy Times, you raise the price. 

How do you make yourself more attractive to employers?  Keep raising your requested wage until someone says "I'll hire you". 

How do you increase employment?  According to the New York Holy Times, you put an added burden on people who purchase labor. 

Good God in heaven.....

Go here.  They've come out with another editorial demanding that the minimum wage be increased by some random amount yet to be determined. 

HOW HIGH SHOULD IT BE? There’s no perfect way to set the minimum wage, but the most important benchmarks — purchasing power, wage growth and productivity growth — demonstrate that the current $7.25 an hour is far too low. They also show that the proposed increase to $10.10 by 2016 is too modest.

You're damn right, there's no perfect way.  There is no way. 

I want to be paid as much as possible for my labor.  Employers want to pay as little as possible.  That varies from person to person, industry to industry, and enterprise to enterprise.  And the last humans on earth that I would want to determine that rate?  The New York Holy Times Editorial Board, Barack Obama, and the U.S. Congress.  The "perfect" rate will be determined by political considerations, not economic ones. 

I'm not going to rant about the racist origins of minimum wage legislation.  (Google the Davis-Bacon Acts.) 

I'm not going to rant about the obvious fact that if your skills aren't worth $10.10 per hour, it'll be illegal for you to work. 

I'm just going to ask the New York Times to raise it's price by 50% between now and 2016.  It will help sales.  600 economists have said so. 

One last thing.....

One of the favorite talking points that these guys like to trot out goes like this....   "If wages had kept pace with productivity, workers would be earning 43.07% more per hour."

Here's their chart.

That's probably an accurate chart. 

The other chart, the one they don't show, reveals that the iPhone in the typical minimum wageworker's pocket, would have cost 3.1 MILLION dollars in 1991. 

Is there anyone who thinks that the world would be better if cell phone prices were in line with worker productivity? 

200 years ago, something like 98% of us had to work on farms.  Food was a massive percentage of everyone's budget.  Do you with that your food costs reflect the increase in worker productivity, just out of fairness? 

God, they make me crazy. 

 

A Socratic Dialogue on The Minimum Wage

Lawrence W. Reed of the Foundation For Economic Education (God, wouldn't the world be better if Obama had taken some online courses there) has reared back and thrown out a gem of a post about the minimum wage. 

It's in the form of a Socratic Dialogue. 

I try to do this on Facebook all the time, with varying degrees of success, mostly because my FB friends get pissed and declare that I don't care about poor people and then the dialogue ends when I point out that they don't pay people a freakin' dime more than they have to because I've watched how they tip their bartenders and then we all unfriend each other. 

I'm scraping the whole thing here, just in case the FEE website goes bankrupt or something.  This thing mirrors so many conversations and blog entries I've written on this dismal subject, but does it so much better. 

Socrates: So you want to raise the minimum wage. Why?

Congressman: Because as President Obama says, minimum wage workers haven’t had a raise in five years.

Socrates: Can you name one single worker who was making $7.25 five years ago who is still making $7.25 today? And if you can’t, then please tell me what caused their wage to rise if Congress didn’t do it. Come on, can you name just one?

Congressman: I don’t happen to have a name on me, but they must be out there somewhere.

Socrates: Well, we’ve just been through a deep recession because successive administrations from both parties, plus you lawmakers and your friends at the Fed, created a massive bubble and jawboned banks to extend easy credit. The bust forced many businesses to cut back or close. Now we have the weakest recovery in decades as ever-higher taxes, regulations, and Obamacare stifle growth. No wonder people are hurting! Do you take any responsibility for that, or do you just issue decrees that salve your guilty conscience?

Congressman: That’s water over the dam. I’m looking to the future.

Socrates: But how can you see even six months into a murky future when you refuse to look into the much clearer and more recent past? You guys think the world starts when a problem arises, as if you’re incapable of analyzing the problem’s origin. Maybe that’s why you rarely solve a problem; you just set everybody up to repeat it. If you really look to the future, then why didn’t you see this situation coming?

Congressman: Look, in any event, $7.25 just isn’t enough for anybody to live on. Workers must have more to meet their basic needs.

Socrates: An employer doesn’t have anything to pay an employee except what he first gets from paying customers. I wonder, whose "needs" do you consider when you decide to buy or not to buy: the workers’ or your own? Have you ever offered to pay more than the asking price just to help out the guy who made the product? And if customers like you won’t do that, where do you expect the employer to get the money?

Congressman: That’s not a fair question. My intent here is purely to help.

Socrates: Sounds to me like the answer is "no," but let’s move on. Why do you assume your intentions mean more to a worker than those of his employer? It’s the employer who’s taking the risk to offer him a job, not you. You’re only making speeches about it. Don’t you see a little hypocrisy here—you, who are personally offering no one a job, self-righteously criticizing others who are actually creating jobs and paying wages even if they’re not all at a wage you like?

Congressman: Employers are interested only in profits.

Socrates: Are you saying employees are not? Are they more interested in working for companies that lose money, and if so, then why don’t they all line up for government jobs?

Congressman: Well, we lose money here in government every year and there are plenty of people who are happy to work for us.

Socrates: You have a printing press. You also have a legal monopoly on force. When you borrow in the capital markets, you shove yourself to the head of the line at everybody else’s expense. Are you saying these are good things and that we’d be better off if the private sector could do these things too? Try to keep up with me here.

Congressman: I repeat, employers are interested only in profits. People before profits, I say! I even have a bumper sticker on my car that says that.

Socrates: So are you saying that employers would be better people if, instead of seeking profits, they tried to break even or run at a loss? How does that add value to the economy or encourage risk-takers to start a business in the first place?

Congressman: You’re trying to belittle me but I went to a state university. All of my sociology, political science and gender studies professors told us that raising the minimum wage is good.

Socrates: Were any of those tenured, insulated, and government-funded pontificators actual job-creating, payroll tax-paying entrepreneurs themselves, ever?

Congressman: That’s beside the point.

Socrates: (Sigh.) Figures.

Congressman: Look, $10.10 isn’t much. I think you must be mean-spirited and greedy if you don’t want people to be paid at least $10.10.

Socrates: Yeah, like you guys in government check your personal ambitions at the door when you take office. I’d like to know how you arrived at that number. Was it some sophisticated equation, divine revelation or toss of the dice? Why didn’t you choose $20.00, which is not only a nice round number but also a lot more generous?

Congressman: Well, $20.00 would be too high, for sure. Too much of a jump at once.

Socrates: It sounds like you think the cost of labor might indeed affect the demand for it. Good! That’s progress. You’re not as oblivious about market forces as I thought. What I want to know is why you apparently don’t think higher labor costs matter when you raise the minimum wage from $7.25 to $10.10. Do you think everyone, regardless of skill level or experience, is automatically worth what Congress decrees? Do you believe in magic, too? How about tooth fairies?

Congressman: Now hold on a minute. I’m for the worker here.

Socrates: Then why on earth would you favor a law that says if a worker can’t find a job that pays at least $10.10 per hour, he’s not allowed to work?

Congressman: I’m not saying he can’t work! I’m saying he can’t be paid less than $10.10!

Socrates: I thought we were making progress, but perhaps not. Can you tell me, if your scheme becomes law, what happens to a worker whose labor is worth only, say, $8.10 because of his low skills, lack of education, scant experience, or a low demand for the work itself? Will employers happily employ him anyway and take a $2.00 loss for every hour he’s on the job?

Congressman: Businesses need workers and $2.00 isn’t much, so common sense and decency would suggest that of course they would.

Socrates: So employers who employ people are too greedy to pay $10.10 unless they’re ordered to, but then when Congress acts, they suddenly become generous enough to hire people at a loss. Who was your logic instructor?

Congressman: Can we hurry this up? I’ve got other plans for other people I have to think about.

Socrates: I give up. You congressmen are incorrigible. You’re the only people on whom my teaching method has no discernible impact.

Congressman: You ask too many questions.

At this point, in utter frustration, Socrates drinks the hemlock. The congressman votes to price many of the nation’s most vulnerable employees out of work and gets reelected.
Whoever warned us to beware of Greeks bearing gifts apparently never met a congressman.



 

A question about the motives of minimum wage advocates

Let's assume that there is nothing on our planet called "money". 

The only stuff that is tradable is/are goods and services. 

Yes, I'm aware that someone would come up with something like Bitcoin in a society where there was no money.  Yes, I'm aware that in a "barter only" society, for anything to happen, there must be a "double coincidence" where someone at a Coffee Bar wants to purchase some freight services (my current job, and method of making my house payment) in order for me to get a double espresso.  This "double coincidence" is unlikely.  Therefore, we need something very much like money. 

Let's assume that people in this society make stuff, or they work for other people who ensure that stuff is being made....  They trade their labor for stuff.  Skillets or fruitstands or cell phones or chicken wings are traded for backpacks and laptops and Ford F-150's and Big Macs. 

Let's assume that everyone, in this cash-less society, has some kind of skill or value. 

Let's assume that, unlike the totally insane stuff mandated by the Federal Government, the only stuff being made in this imaginary society is stuff that people really do want.  (This rules out almost everything that our government produces, BTW.  Wars, bureaucrats, congress, Cash-For-Clunkers, tens of millions of welfare babies, prisons for Drug War victims, Homeland Security assholes, military invasions of brown people, bailouts, etc., etc., et.,)

Ok, to my point.... some people in this society make fruitstands.  Some make skillets.  Some serve beer.  Some people can only plow.  Some people do computer programming, while a few mow yards.  Others are good managers of the resources of others.  In this imaginary society, everyone is always trying to match his strengths against what society needs, just in order to improve his own selfish self.   

For instance, if we really don't need another person writing Libertarian Blog Entries in this imaginary world, most people are getting out of the Libertarian Blog Entry business, and doing something else....something worthwhile, something profitable.   That's what would happen in a world that is free of government interference and subsidies and price supports, right? 

But let's assume that, in this world, there is an all-powerful government agency that sets the exchange rates for goods and services.  These government munchkins are the ones who decide how low you can go with your goods and services if you ever found yourself in a tight spot, and needed other peoples' stuff really fast.

This government entity has decided that no one should be allowed to exchange one hour of their labor in producing skillets, coffee, shoes, or Libertarian blog entries for less than.....  1/2 of one sheep, 1/4 hour of computer programming, two hours of rocket science.  Let's pretend like no one can swap one pork roast for less than 12 hours of plowing behind a pair of mules. 

Would you ask yourself about the motives about the people who put those rules in place?

Hell yes, you would.  You would ask yourself who in Congress was getting paid under the table. 

I already know who is getting paid under the table.  I can tell by the way they all vote. 

Wake up.  Please, wake up. 

Drunkblogging the State Of The Union Address

As is my custom, I will be drunkblogging the State Of The Union speech tonight. 

Obama has already signaled that he's going to raise the minimum wage for all Federal projects to $10.50 per hour, thereby guaranteeing that government will never, ever, ever do anything more efficiently than the private sector. 

He's also going to talk about getting training programs going for the long-term unemployed.  I will bet you the shriveled remains of my liver that he's going to propose more money for America's Community Colleges.  (The first president that I can remember making that proposal was Bush the Elder.  I think every president since then has followed suit in at least one SOTU speech.  I don't think anyone in the Oval Office has ever successfully implemented anything successful in our JuCo system.  But as a series of throwaway lines in a speech, it sounds great, right??) 

I'm writing this intro at work.  Gonna stop at the liquor store on the way home and get a pint of Kentucky Deluxe bourbon, just to brace myself for the horrors that this evening will bring.  The drunkblogging will all be on this same post, beginning beneath the picture, and I will update every few minutes. 

God help us all, we're in the hands of a man with delusions of adequacy.  What I wouldn't give to hear a president say "The State Of The Nation Is Good, and it's because I've decided to be the least activist president since Calvin Coolidge". 

Ok, John Boehner has entered the building....   (I'm watching this on CNN, by the way.) 

While we're waiting for Obama to show up and read what's on his Teleprompter, let me throw in a few vital charts about some of tonight's subject matter. 

Here's what the minimum wage has done to black kids, and Obama is going to try to get a few more confirmed kills of black teenagers by asking that Congress raise the minimum wage to a level higher than anyone would dream of paying to a black teenager.....

Yeah, that chart shows all teen unemployment, not just minority.  So shoot me. I couldn't find the other chart.  I'm drunkblogging this, remember? 

The Supreme Court justices just entered the building. 

CNN was talking about Willie Robertson, the star of "Duck Dynasty" being in the room.  Jake Tapper had to interrupt to say that Joe "The Gaffer" Biden showing up.  CNN got back to Willie Robertson ASAP.  LOL.  Lots and lots of Congressmen are going out of their way to have pictures made shaking hands with Willie Robertson.  I don't know if anyone is falling over himself to get a pic made breathing the same air as Biden. 

I really hope that The Teleprompter Jesus has the nerve to talk about Global Warming.  The entire Gulf Coast, from Texas through New Orleans and Mississippi is iced in.  NEW ORLEANS is having traffic problems because of the ice and snow.  NEW ORLEANS.  The icy weather goes all the way into Virginia. 

They just showed former Saturday Night Live comedian and current Senator Al Franken.  And I just threw up in my mouth a little bit. 

They just showed a zoom shot of  Kentucky Senator and Pork King Mitch McConnell.  I just threw up in my mouth a little more. 

Now they're showing closeups of Willie Robertson, star of "Duck Dynasty".  For the benefit of readers in Europe and Asia, this is Willie Robertson....

He's the star of a reality TV show about a family that has made millions by manufacturing duck calls. 
For the benefit of readers in Europe and Asia, this is a duck call.  Hunters use them to lure ducks within shotgun range. 

Willie Robertson has done far more for the country than Barack Obama.  He's created things that people want, and he didn't steal any of the money used to do it. 

John Boehner is calling the session of Congress to order. 

Dr. Jill Biden (she's made a career out of studying what the hell is wrong with Joe) has now entered the room.  Michelle should be next....

I was wrong. The Supreme Court Justices are next.   Ruth Bader-Ginsburg looks like she might not make it to the beginning of the Rodham administration....

Ok, now Michelle has entered the room, to riotous applause.  I wish Sasha and Malia were there.  By all accounts, the Obamas are raising a fine pair of young ladies. 

Here comes the cabinet.  John Kerry is there with his long face.  Chuck Hagel.  Susan Rice.  Soon-to-be-indicted Eric Holder (we can only hope). 

They're talking about who didn't show up from the Supreme Court.... Alito, Scalia and Thomas.  Alito has apparently chosen NOT to be caught on TV mumbling that the Leader Of The Free World is full of bovine excrement...

I haven't mentioned yet that Obama is probably going to spend some time tonight defending Obamacare.  What's goofy is that there now are more people without insurance than there were before the implementation of Obamacare.   And what, exactly, was the point of Obamacare???

They're zooming in on Kathleen Sibelius, Secretary of Health and Human Services, the department that totally screwed up the U.S. medical system. 

John Boehner and Joe Biden are standing at the podium, acting like they are anything other than political whores. 

A brief side note.....  My mother-in-law moved in with me several months ago.  She has some Evan Williams bourbon in one of the kitchen cabinets.  She would never drink it, but uses is for cooking. 
I don't think I bought enough Kentucky Deluxe to get me through the task at hand.  Should I get into it? 

The really long answer is.... YES.  Obama just entered the building, and your elected representatives are falling all over each other to shake hands with him.  God help us all. 

I'll replace the Evan Williams tomorrow.  Desperate times demand desperate measures. 

Ok, I just checked my Statcounter.  This blog post is going out on a couple of Twitter feeds.  Gotta bring my "A Game". 

Obama is bringing up a teacher.  An entrepreneur.  And an autoworker.  He's going to say that because of them, the STATE OF THE NATION IS GOOD. 

No, that didn't happen.  Don't presidents usually begin their speech by stating that "The State Of The Nation Is Good"??

He said that the Autoworker helped "wean us off foreign oil".  Who gives a shit if we're using foreign oil, U.S oil, or oil that's imported from Hogwarts???  Oil is fungible.  (Look it up).  Presidents have been using that foreign oil line since freakin' Nixon.  Fools always applaud it.   

They just cut to a shot of Debbie Wasserman-Schultz.  I just threw up in my mouth a little more, and some escaped to the front of my shirt. 

He just slammed Ted Cruz's puny little government shutdown of some national parks, and got some huge applause. 

He said that we've had some severe cuts to education.  Horseshit, Horseshit, Horseshit.  We've got the most overfunded education system we coulda dreamed of.  Teachers are retiring with full benefits before they hit 55 years old.  That ain't sustainable. 

Godalmighty, I'm sick of this man's voice. 

He's blaming his problems on Globalization and technological advances.  Corporations are making money.   Inequality has deepened.  Too many Americans are working too hard just to get by. 

He doesn't mention that it's because we're having to spend 1/3 of our money on his government- mandated bullshit. 

Michelle is getting a Standing -O just because he said her name.  She's brought down childhood obesity rates. 

So why in the hell does this dumb bastard subsidize the leading causes of obesity - sugar, wheat, corn, rice, and other carbohydrates? 

He just stood up for "marriage equality" - a position he didn't hold until last year. 

He just mentioned that John Boehner's father was a bartender. 

And that he, his own glorious self, was the son of a single mother. 

He wants to restore that promise of the American Dream.  He's lying.  He's still going to keep screwing things up.  He's going to keep glorifiying bartenders and single moms while vilifying entrepreneurs. 

Now he's yapping about creating tax incentives for companies that keep jobs in the USA.  We have the 2nd highest corporate tax rates in the free world.  He's lying about those tax incentives.  He'll do without that money right about the time he stops smoking. 

He's talking about creating manufacturing jobs.  He's not mentioning that his Labor Relations Board stopped Boeing from opening a new plant in the Carolinas. 

Ok, this is the part of the State Of The Union address that I always hate the most....  he knows that free trade is the way to go, but he wants to subsidize everyone who can't compete with free traders.  Pick a side, Barack, pick a side.  Be a Luddite or a Free Trader.  Pick a side.   

Now, on to the next worst thing....   The glorification of small businesses.  I like me some small businesses.  Presidents always point out that most of our job growth is from small businesses.  They say this as if it were some glorious piece of wisdeom, because it is true.  It's true for the same reason that most of the growth in forests is from trees that aren't grown yet.  Doh !!!

Now he's talking about some paper-thin material...  much like the content of this speech....

Ok, on to the "energy independence" clichés.  Can you imagine the president of, say, Spain, talking about "energy independence"?  Ever heard The Vatican spokesperson deliver a rant about "energy independence"? 
Since when does this fake self-reliance show strength?  We need energy independence like we need microchip independence, or like the people in your household need to manufacture their own soap or shirts or deodorant or dog food.  We are strongest when we can get the best possible deals at the lowest price.  It's called "comparative advantage" and "competitive advantage" and everyone who passed Economics 101 knows this.  (Obama failed this class at Occidental College.  Look it up.)

I knew he would do it!  I KNEW HE WOULD DO IT !!  Everything from Texas to New Orleans to Washington D.C. is snowed in and iced in, and THE STUPID SON OF A BITCH BROUGHT UP GLOBAL WARMING !!!!  HE'S TALKING ABOUT GOING SOLAR.   HE'S TALKING ABOUT WHAT HE'S GOING TO DO TO STOP GLOBAL WARMING !!!  We're in a situation where the warmest part of the USA is snowed in and he's talking about Al Gore's con game.  God loves me so much.  I know it because she let me be alive to hear this crap. 

GOOD GOD ALMIGHTY I LOVE BEING ALIVE SO I CAN HEAR THIS DAMN FOOL STAND AT THE PODIUM AND SPEAK !!!! 

Barack Obama, much like his supporters, has no sense of irony.  The entire Southeast is snowed in, and he just said "Climate Change is a fact".  Does he not own a thermometer?

He's talking about the rescue of our automakers.  That's like rescuing Blockbuster Video.

Ok, on to immigration. I do love me some immigrants.  Maybe something good can happen here....?

Never mind.  They just showed a closeup of Chuck Schumer.  I just threw up in my mouth a bit, and it went projectile.  Threw up all over the den. 

He's going to bring up America's Community Colleges.  He's going to bring up America's Community Colleges....

He just asked Joe Biden to train workers to fit the jobs that need to be filled.  This is the same clown that he asked to ensure that no stimulus money would be mis-spent....

Here it comes.... America's Community Colleges.... Say it, Barack, say it....

Dammit, he's not going to do it.  He's moved on to Unemployment Insurance. 

Unemployment Insurance is much needed because of Obama's policies that punish success. 

(A quick proposal....  Lower the corporate tax rate to zero.  Cut the number of government employees by 1/3rd.  Watch the USA grow like a weed.) 

O God.  He's into education.  Here's my favorite chart.  Spending has tripled, and test results have flatlined.....

Dammit, I think I deserve some credit for getting this dismal crap posted so quickly.  Hit the ads on my website, ok???

He's babbling about high-quality Pre-K funding, despite the fact that government studies have shown that any advantages provided by Operation Headstart disappear by the 2nd freakin' grade.

OMG....  here go the rants about how to guarantee that "no American middle-class kid is priced out of a college education".  Government subsidies of college educations are the #1 reason that college educations are expensive.  Subsidize something, and it's more expensive.  You learn that in Econ 101.  Barack flunked that class at Occidental.   

On to gender equality.  This man is a lying son of a bitch.  Women with the same education as men, and who work as many hours as men, make as much money as men. 

Here's the most damning contradiction in this fool's speech....  He just finished talking about gender inequality in wages, and followed it up by saying that women ought to be able to have a kid, or take care of her kid, without sacrificing her job.  So....who you gonna hire? Who are you gonna pay the most? 

BTW, there's  more gender inequality in Barack's White House than there is in our society in general.  Will throw some links in here later on.  He pays his men a lot more than his women.  Will find it later.

Some pizza guy just gave his employees a raise to $10.00 per hour. 

You know why?  Because they were worth it. 

I'm trying to raise two of my employees to $13 and $14 per hour. 

You know why?  Because they are worth it. 

Now Barack is going to raise ALL Federal employee contractor rates to $10.10 per hour. 

You know why?  Because it will get him votes and applause. 

He's encouraging every employer to give out raises.  You know what?  Next time you're at the grocery store, pay more than you have to.  Pay $20.00 for your newspaper.  Pay $10.00 for a gallon of gasoline.  Do silly shit, just to feel good about yourself. 

New subject....

Tomorrow, Barack is going to create a new way to save for retirement???   A new program called My IRA  ???

Hell, I thought Social Security was supposed to do that.  WTF WTF WTF ????

Christ almighty riding sidesaddle on a Shetland pony.  What is he talking about??  I can't wait to read the spin on that tomorrow. 

 Here's the good part... He's going to defend Obamacare, which just might have created a situation where we have fewer Americans insured than we did before it's implementation. 

Thanks to Obamacare, no American can be turned away by an insurance company for a pre-existing condition.  That's like saying nobody whose house has been burned down can be turned away by a homeowners insurance company.  I know that sounds harsh, but that's the dude's logic. 

Gonna take a break.  Gotta get some Evan Williams. 

Obama just issued a throwdown to Republicans to come up with an alternative to Obamacare. 
If the Republicans need help, they can go here.  I wrote it myself....

Voting Rights Act. 

Citizenship. 

Cliches. 

Gun Violence.  I wonder if Barack is aware that Eric Holder masterminded a program called "Fast And Furious" where we sent a buttload of high caliber weapons into Mexico to see what would happen?  And Federal Agents got killed with them?

Military.  Automatic standing ovation.  We have 6% of the world's population and 45% of the military spending.  Yeah, they're good people, but hell, how much military do you want to pay for? 

He says our longest war (Afghanistan) will soon finally be over.  He's lying.  Our longest war is Richard Nixon's War On Drugs, which he still chooses to fight.  BTW, has anyone noticed any increased in criminality in Colorado or Washington state?  The two states that recently legalized weed? 

Holy crap... the man is acting as if he finally understands that our presence overseas just might create more terrorists.  He's capable of learning!!  He's capable of learning!!!  Helen Keller's teacher probably felt this way when she got Keller to understand the concept of "water". 

"American Diplomacy has rallied more than 50 countries to prevent nuclear materials from falling into the wrong hands."  Bullshit.  Barack Obama, John Kerry, Hillary and others have access to nuclear materials.  Anyone thinking that those are good hands, well, they probably need to read a lot more. 

They just showed a closeup of Robert Menendez, the congressman of underage Caribbean prostitute fame.  I just threw up all over my laptop.  You people owe me. 

Something about keeping Iran from getting nukes.  The bourbon is weighing heavy on me, and Barack's voice is weighing heavier.  The cadence he uses, his sentence structure, all of it is so freakin' tiresome....

OMG.... his favorite clutchphrase..... "Let me be clear". 

He's still talking about Iran and nukes.  Do I detect some saber-rattling here?  Are we gonna have boots on the ground sometime soon?  

CNN just zoomed in on Jason Collins, the NBA's first openly gay player.  I'm all for marriage equality, gay rights, and getting government out of marriage.  But why in the hell is Jason Collins in the halls of Congress for this speech?  Obama only finished "evolving" on the gay marriage issue last year.  WTF?  WTF? WTF? 

Something about veterans getting the healthcare that they need, and getting jobs.  How about leaving them in the USA, you bastard?  Let's not cripple and maim so many of them.  Let's stop creating terrorists.  The military-industrial complex is killing more people than the muslims.  End it, end it, end it all. 

The soldier sitting by Michelle is getting a shout-out.  He was injured, but is learning to speak and walk again.  This pitiful little political hack is going to make a political point, comparing himself, and his programs, and his agenda to this wounded soldier.  I can't believe what the f**k I just heard. 

Standing ovation from Congress.  What a cheap, smarmy little bastard we have filling the shoes of Washington, Jefferson, Taft and Coolidge. 

I'm going to spend the rest of the night praying for the damnation of The Republic.  "

Now he's into the "Teachable Moments" of his speech.  He's still comparing his agenda to the recovery of the wounded soldier. 

I'm going to go into my bathroom and finish throwing up. 

"God bless you, and God bless the United States Of America". 

I'm done.  Hope I never have to watch anything that manipulative again.  

I am a Mercedes-Benz

Let me begin by saying that I am a Mercedes-Benz.  Not a Ferrari, not a Rolls, not a Corvette, but a little better than a Cadillac. 

I'm 53 years old, work in a family business, and I've always been pretty damn good at what I do.  I've been "Employee Of The Year" or "Manager Of The Year" for three different companies, one of which you've probably heard of. 

If Washington decides to raise the minimum wage to $20.00 an hour I won't be one of the ones going unemployed because the political idiots set the bar too high for me to find employment.  Except for one brief stretch of starting over in a new field, I've made more than $20 per hour for the last 30 years or so.  (Thirty years ago, $20 was more like today's $40.)   

Now that the throat-clearing is out of the way, here's what you'll find this morning in the New York Holy Times:

The White House has thrown its weight behind a proposal to raise the federal minimum wage to at least $10 an hour.  

“The president has long supported raising the minimum wage so hard-working Americans can have a decent wage for a day’s work to support their families and make ends meet,” a White House official said. President Obama, the official continued, supports the Harkin-Miller bill, also known as the Fair Minimum Wage Act, which would raise the federal minimum wage to $10.10 an hour, from its current $7.25.  

The legislation is sponsored in the Senate by Tom Harkin of Iowa and in the House by George Miller of California, both Democrats. It would raise the minimum wage — in three steps of 95 cents each, taking place over two years — to $10.10, and then index it to inflation. The legislation will probably be coupled with some tax sweeteners for small businesses, traditionally the loudest opponents of increases to the minimum wage.

The overwhelming majority of economists know that there is a trade-off with this type of legislation. 

1)  They know that the true minimum wage is zero dollars per hour, and that the higher Washington sets the minimum (actually, a price floor), the more low-skilled workers they condemn to earning the true minimum wage, which is....zero. 

2)  They also know that higher and higher minimum wages have a disproportionate effect on teen employment, minority employment, and most of all, teen minority employment.  A couple of years ago, when the unemployment rate was at 9%, teen unemployment was at 24%, and black teen unemployment was at a whopping 42%.  (It's now dancing around 50%, BTW.) 

Why does this happen?  As a very general rule, minority teens have no skills.  No track record.  No one knows if they can get to work on time, work hard through an entire shift, or get along with others. 

The same thing can be said about white teens.  But white parents can (generally) get to work on time, work hard through an entire shift, and (sometimes) get along with others.  And the apples usually don't fall too far from the tree. 

So if you're thinking about hiring a kid, who are you going to go with?  The little white snowflake from the 'burbs, or the black kid from the 'hood?

Here's what you're going to do.  I've sat back and watched you do it.  This is the minority teen unemployment rate, cross-referenced to the rising minimum wage.  One of the most beautiful correlations you'll ever see:

I'm almost 100% safe from unemployment.  So is my daughter.  We got us some skills.  We can type, manage, hire, fire, ship, transport, purchase, cashier, file, pile and get 'er done. 

I'm a Mercedes-Benz. 
Minority teens are 30-year-old Yugos. 

If the government declares that the least you can pay for a car is $50,000.00, which one are you going to buy? 

You're going to go with the Mercedes every time. 

Good work, Barack!!




 

We're going to protest against....YOU

The Tarrant County Libertarians have participated in protests against the Federal Reserve, the Porkulus Package, gun restrictions, and anti-gay/lesbian legislation. 

If I get my way, the next protest will be in your yard.  We're going to protest against you.  Yeah, you.  You there, sitting at work, reading this when you know you should be working.  You're the one we're talking about. 

We are so irritated at you that we can't see straight. 

There are tens of millions of teenagers, minorities, and unskilled laborers working in minimum-wage jobs.  All of these good people could be paid more. 

Advocates of minimum wages believe the villains in this situation are companies like KFC or Dunkin' Donuts.  They are wrong.  The enemy is you. 

McDonald's, Burger King, Taco Bell, Sears, Target, Wal-Mart, Domino's and Macy's and several others are acting as a safety-net for these low-skilled workers.  These companies are purchasing the time, labor, and effort of low-skilled workers for much more than you are willing to pay. 

How do I know that you aren't willing to hire low-skilled workers?  Because they're all still working at McDonald's and Burger King!!  And we are pissed about it.  You could start purchasing labor at higher than market prices, but you don't.  And we're not going to take it. 
No Justice, No Peace, Mofo. 

Besides setting up picket lines in your front yard, we're going to picket Fort Worth defense contractor Lockheed Martin.  This morning, there are clerks and stockboys working at Target and Subway sandwich shops who could be getting paid 5 times as much by working as an engineer or project manager, designing and building F-16's for Lockheed. 

But no.  Lockheed isn't going to purchase labor from those people.  Lockheed (and General Dynamics and Apple and Google and Goldman Sachs) leaves that task to Red Lobster and Olive Garden restaurants.  Bastards.   

Costco doesn't pay minimum wage.  Wal-Mart does.  Wal-Mart is willing to purchase the labor that Costco won't. 

Admit it....  If you're on the political left, you think of Costco as good and Wal-Mart as evil, don't you?  We're going to change all that.  Purchasing the labor of unskilled workers isn't someone else's job, it's YOUR job. 

So get ready.  We're coming to your driveway, and we're going to block your car.  We're going to attack you with glitter bombs.  We're going to do some hardcore "shaming".  You know that you could create an industry that would pay every teenage mall-rat a Living Wage of $15 per hour. 

You could be paying more for labor than Pizza Hut does, but you don't.  You greedy, selfish bastard. 

Let's Have A National Dialogue About Race

For the last week, we’ve been plagued by Talking Heads and politicians wanting to have “a national dialogue about race”.

That’s a great idea. We’ve got good people of all races in the U.S. I just finished putting in a long weekend’s work with a crew of mostly black guys who went at it so hard that I almost wept out of gratitude. So let’s start with this. Black folks are only 14% of our population in the U.S., but make up almost 40% of the prison population. The overwhelming majority of these incarcerations are because of the NixonObama Drug War. We could end this war tomorrow if we had the political will. But there are more than one million government employees and contractor employees who would lose their jobs if we were to do so.

Many of these people are behind bars because they consumed or sold marijuana. Have you ever seen the black street gangs who support themselves by selling Budweiser, Jim Beam or Coors Light? No? Well, neither has anyone else for the last 90 years. We ended Prohibition, and we ended the violence.

I know a lot of black guys who like to smoke weed. Unless they’re driving one of my forklifts, or semi-tractors, their habits are none of my business. Or your business. Or Barack’s or Boehner’s or Rick Perry’s. I do know that “stoned” drivers are safer than drunk drivers, but that’s beside the point. If someone isn’t hurting you, he should be left alone to live life as he pleases, and not hectored to death by a gaggle of Washington puritans and their prison contractors.

Let’s have a national dialogue about race.

Let’s talk about black education. Young black males, depending on who you talk to, are dropping out of school at a rate somewhere around 50%. This is not an act of despair on their part. In many cases, it’s a calm rational response to what they (and many others) perceive as a total waste of time. I often meet and hire high school graduates who can’t read a tape measure, can’t do long division, and can’t spell well enough to fill out their own job applications.

But why should someone put in “seat time” in an institution that is failing in its mission? (And “seat time” is how our government schools are ranked for funding.) If black families were given a choice in where their education dollars go, like we are currently given a choice in where our grocery dollars go, we would see a revolution in minority education and minority achievement. This is a solved problem. But can you imagine the wailing from the Department Of Education if, say, Texas were to institute a 100% school choice/school voucher system? Can you imagine how far that would go toward ending white flight from our cities and into the suburbs?

Let’s have a national dialogue about race.

Black teenage unemployment is at 50%, the highest it has been since World War II. Why? Because our government has priced black teenagers out of the market.

Arthur Laffer has written that “The minimum wage is the black teenage unemployment act. The guaranteed way of holding the poor, the minorities and the disenfranchised out of the mainstream is to price their services too high.” Our first minimum wage law, the Davis-Bacon Act, was written for the sole purpose of guaranteeing full white employment at the expense of blacks. It was openly debated in those terms in Congress. Here’s Walter Williams (a brilliant economist who just happens to be blacker than both Barack Obama and George Zimmerman combined) explaining why this law, unlike so many other social engineering schemes, has been uncommonly successful:

“Put yourself in the place of an employer and ask: If I must pay to whomever I hire $7.25 an hour, plus mandated fringes such as Social Security, vacation, health insurance, unemployment insurance, does it pay me to hire a worker who is so unfortunate so as to have a skill level that allows him to contribute only $5 worth of value an hour? Most employers would view hiring such a person a losing economic proposition.

Therefore, the primary effect of a minimum wage law is that of discrimination against the employment of low-skilled workers.

Teenagers tend to be low skilled. They lack the experience, knowledge and maturity of adults. That means they will be the primary victims of a minimum wage law. But why are black teens more heavily impacted than white teens? Black teens are far more likely to come from broken homes and attend some of the worst schools in the nation. Therefore, a law that discriminates against the employment of low-skilled workers will have a greater impact on black workers. Moreover, the minimum wage subsidizes racial discrimination. After all, if you must pay $7.25 an hour to whomever you hire, you might as well hire people you like the most, even if they are of identical skill.

The little bit of money a kid could earn after school and on the weekends is not nearly as important as the other benefits from early work experiences. Any kind of job, paying any wage, teaches a youngster that he must be on time, respect supervisors, develop good work habits, plus there's the self-esteem and pride that comes from being at least financially semi-independent. Early work experiences benefit any kid but are far more important for kids from broken homes, who reside in crime-ridden neighborhoods and attend rotten schools. If they are to learn anything that will make them a more valuable employee in the future, it will have to come from work; they won't learn it at home or in the schools. For Congress to enact higher and higher minimum wages, to benefit their union supporters, is shameful and cruel.”

Well said, sir. (BTW, Williams put that bit about the union supporters in there because many government labor contracts are expressed in multiples of the current minimum wage.)

So let’s have that national dialogue about race. Let’s talk about the incredibly destructive (but profitable for government employees) War On Drugs. Let’s talk about the dismal failures (with incredible pensions and job tenure) in our public schools. Let’s talk about the economic apartheid enforced by our government.

Yeah. Let’s have that national dialogue about race. But instead of watching politicians digest the news and shit platitudes, let’s really start talking about how to improve things.

So where should we start?

How Not To Increase The Black Employment Rate

This morning on the way to work, I listened to NPR's Scott Simon interviewing Darrick Hamilton, an economist from "The New School".  (I often listen to NPR since I'm forced by the government's men with guns to help pay for it.)
The topic was the incredible disparity between black and white unemployment rates.  It's now a 2 to 1 ratio.

I interviewed black guys for about four hours yesterday, so I listened to the whole thing.  It took an ACT OF GOD to keep me from shoving my fist through the windshield. 

Go here to listen to the whole thing.  If you're a regular reader of this blog, stay away from glass and sharp objects. 

Perfesser Hamilton wants to have a Federal Job Guarantee.  Hit the link for the whole thing. 

By creating a National Investment Employment Corps (NIEC), states and municipalities could develop inventories of needed jobs for all who are able to work, matching skilled and unskilled alike with full employment opportunities. Jobs would address physical and human infrastructure needs, including building, repair and maintenance of bridges, damns, roads, parks, museums, mass transit systems, school facilities, health clinics, child care centers, even restoration of our damaged postal system. Pay would range from a minimum of $20,000 to a maximum of $80,000, each job also providing benefits, opportunities for advancement, on-the-job training and professional development.

Christ Almighty in a sidecar.  Wealth is created by moving assets from lower valued uses to higher valued uses.  Nobody becomes better off in the long run by hiring more government munchkins to train more and more black unemployed drug war victims in the skills needed to build museums, or the "restoration of our damaged postal system" LOL.  But enough about Perfesser Hamilton's FDR-era fantasies....

I interviewed 5 black guys yesterday.  One of my supervisors (who happens to be black) sat in with me.  We heard 5 depressingly similar stories. 

All 5 candidates had a criminal record related to the Nixon-Ford-Carter-Regan-Bush-Clinton/Rodham-Bush-Obama Drug War. 
All 5 candidates would have cheerfully taken $5.00 an hour.  It would be illegal for them to work for that amount, BTW.  I could hire all 5 at $5.00 an hour.  Barack Obama, in his wisdom, will only let me hire 3 of them at $8.00 an hour and stay within my semi-budget. 

A couple of these guys were really, really sharp.  They have absolutely no business coming to work for me, unloading shipping containers.  One of them was an honor student and captain of his high school basketball team, and had had a fairly good Air Force gig. 

When we didn't have a minimum wage, black folks sometimes had a higher employment rate than whites. 
When we didn't have a drug war going on, we weren't locking up so many black guys and totally ruining their employment prospects. 

The disparity between black and white unemployment is a solved problem.  Eliminate the minimum wage.  End the idiotic drug war.  We could do this tomorrow. 

But we're just too compassionate. 

Another Modest Proposal

Go here to see a list of the misfortunes hitting young workers in the ObamEconomy. 

Sad, isn't it?  And research suggests that the longer you go without that first job, the more you'll exponentially fall behind those who were able to get a job. 

But I have an idea....

Let's make it illegal to pay workers less than a certain dollar amount per hour.  That way, there will be more earned money in circulation, the workers will have more to spend and it'll help the economy, and greedy corporations won't be able to "exploit" young workers by paying them less than the amount that I think is appropriate. 

That should help. 

Yeah. More Work Needs To Be Done. But Not By You.

One of the minor teleprompters at the White House apparently has a virus, a bad one that causes Alan Krueger to repeat himself every month. 

(BTW, this is the same Krueger of the infamous Krueger and Card minimum wage study of New Jersey restaurants that survived a mandatory wage increase.  You could use the same methodology to prove that no one has ever died from Russian roulette.  Don't interview anyone but the survivors.) 

The following is from The Weekly Standard:

When the monthly employment report came out Friday morning, Alan Krueger, Chairman of President Barack Obama's Council of Economic Advisers, quickly commented on the White House blog.  He began with the observation that "more work remains to be done":

April 4, 2013 - "While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression. It is critical that we continue the policies that are helping to build an economy that creates jobs and works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007."

If the words sound familiar, there's a good reason.  After a brief respite in March, Mr. Krueger used the same two opening sentences in the April post that were used in the preceding seven Employment Situation blog posts (although to be fair, Megan Slack is credited with the November 2012 entry).

February 1, 2013 - "While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression. It is critical that we pursue the policies needed to build an economy that works for the middle class as we continue to dig our way out of the deep hole that was caused by the severe recession that began in December 2007." 

January 4, 2013 - "While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007." 

December 7, 2012 - "While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007." 

November 2, 2012 - "While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007." 

October 5, 2012 - "While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007." 

September 7, 2012 - "While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007." 

August 3, 2012 - "While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression.  It is critical that we continue the policies that build an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007."

Please, please, please, Mr. Krueger.  Stop working. 

Samizdata's Quote Of The Day

I've long admired the Samizdata blog.
Every now and then, they admire this site.

Go here for their quote of the day.  Check out the comments, when time permits.

Thanks for all the traffic, Perry !!

Does Barack Obama hate black people??

Here's the late senator Jacob Javitz on why he supported minimum wage legislation:

"I point out to Senators from industrial states like my own that a minimum wage increase would also give industry in our states some measure of protection, as we have too long suffered from the unfair competition based on substandard wages and other labor conditions in effect in certain areas of the country – primarily in the South.
....Although probably no northern senator today would dare admit it, many who vote for increases in the minimum wage understand that one consequence will be to destroy  jobs for the least skilled workers, a disproportionate number of whom are black.”

And now, thanks to the good intentions of our government, we now have a black teen unemployment rate of  40%.

Here's a summary of the situation....  I can teach you how to play a piano, but if you pay me more than $7.00 an hour, you're getting ripped off.  I'm not much of a piano player, or teacher.  But if I had to, I could make some money teaching piano for $7.00 an hour.

My neighbor down the street is a really good piano teacher.  She gets $10.00 an hour.  One street over is another guy who gets $15.00 per hour.

If you raise the minimum wage for piano teachers to $12.00 an hour, who does it help?  Me or my neighbors?

It helps my neighbors.   I ain't worth $12.00 an hour as a piano teacher.  Nobody will ever pay me that, because I'm not worth it.  All it will do is guarantee full employment for my neighbors.

That's what happens to inexperienced and low-skilled labor when a Washington Messiah raises the minimum wage.  They get priced out of the market.  Just hide and watch what happens to the black teen minority unemployment rate if The Teleprompter Jesus gets his way with this proposal from his Union Of The Statists speech last night :

"Even with the tax relief we’ve put in place, a family with two kids that earns the minimum wage still lives below the poverty line. That’s wrong," Obama said. "Tonight, let’s declare that in the wealthiest nation on Earth, no one who works full time should have to live in poverty, and raise the federal minimum wage to $9 an hour. This single step would raise the incomes of millions of working families.

Never mind the question of WHAT THE HELL ARE YOU DOING WITH TWO KIDS IF YOUR SKILLS AREN'T WORTH MORE THAN MINIMUM WAGE????
The real question is this....

Why does Barack Obama hate black people?

Don't get me wrong...I love the minimum wage, because I'm white.  My daughter is white, and also has established plenty of work experience.  She was offered jobs at more than 40K per year at the age of 20.  Minimum wage legislation will ensure that we're the last to be laid off.  We got skills!!!  

But does Barack Obama really hate black people?  Or is he just not very smart?

8 Steps For Revitalizing The U.S. Economy

Industry Week  has a piece in their online edition by Dr. Ken Mayland, an economist who covers manufacturing and business trends. 
Here are Dr. Mayland's "Eight Steps For Revitalizing The U.S. Economy".  I've been ranting about seven of these for years, and I don't even have a Doctorate in Economics.  Or a Masters.  Or a Bachelors.  I do, however, work in the shipping and logistics industry, and that qualifies me to comment on these things. 

1.  Kill the 2010 health care reform bill.

Well, duh, of course.  Nobody knows who exactly wrote it.  Nobody knows what it is supposed to accomplish.  It's too long for anyone to know what is in it.  A lot of people who lobbied for it have now been exempted from it.  But everyone fears it. 

2.  Do a "reverse course" on developing domestic energy and ease access and permitting for all forms of energy production.

Yeah.  Drill, Baby, Drill.  The Green Energy Scam is slowly being exposed.  Within a year and a half, it'll be dead as a doornail.  Drill, Baby, Drill.  Now.   

3.  Eliminate the minimum wage. Mayland said: "Economists have long know that politicians cannot legislate the productivity of a worker. If you raise the minimum wage above the basic productivity of the worker, the worker will be fired or not hired." Mayland said since the minimum wage was last raised, the biggest increase in unemployment has been among teenagers -- "exactly where you would expect a minimum-wage increase to hurt."

The minimum wage is zero.  The higher you set an artificial price floor for unskilled workers, the more of them you condemn to earning the true minimum wage - zero. 

4.  Repeal the Frank-Dodd financial reform law and Sarbanes-Oxley, which he said put U.S. businesses at a disadvantage compared to businesses in other countries.

I know absolutely nothing about this.  Some might say that this shortcoming has never prevented any of my other rants, but there you have it.  I know nothing about SarbOx.  But this guy does. 

5.  Rein in EPA and the National Labor Relations Board.

Or we could continue to allow the NLRB to tell businesses where they can and can't operate.  Pick one. 

6.  Pass free-trade agreements with Panama, Columbia and South Korea.

This is great as long as it is Free Trade and not Managed Trade.  Any Free Trade Agreement that's 900 pages long is automatically suspect. 

7.  Pare back overly generous unemployment benefits from the current 99 weeks. Mayland cited a scholarly study that if unemployment benefits were 26 weeks, the unemployment rate would be 2% to 2.5% lower.

Yep, and it wouldn't be pretty.  But combine #3 and #7, and you would rapidly approach full employment.  Companies would accomplish more with less.  But it wouldn't be fair !  So we're going to continue to borrow from our fetuses ! 

8.  Trash the tax code and install a flat tax. Mayland said once the appropriate tax rate was determined, taxpayers could fill out their tax return "on a postcard."

Go here for a picture of the Hong Kong tax postcard. 

There you have it.  If Obama and Congress knew that they were going to be propped against a wall and shot if the economy didn't improve within one year, they would implement all of Ken Mayland's Libertarian-ish suggestions tomorrow morning.  Hit the labels below if you want to read earlier rants on any of these topics.

Why white people should love the minimum wage laws

Please excuse me while I bet the crap out of this dead horse....one....more....time....with some help from the Wall Street Journal.  This is from an unsigned editorial that ran a few days ago:

Perhaps you've already noticed around the neighborhood, but this is a rotten summer for young Americans to find a job. The Department of Labor reported last week that a smaller share of 16-19 year-olds are working than at anytime since records began to be kept in 1948.

We've had stimulus packages, bold new initiatives, bailouts, TARP's, and an increase in government spending that would be the envy of every corporatist/fascist since Mussolini.  How in the heck can we have the lowest level of teen employment since 1948? 

Only 24% of teens, one in four, have jobs, compared to 42% as recently as the summer of 2001. The nearby chart chronicles the teen employment percentage over time, including the notable plunge in the last decade.

So instead of learning valuable job skills—getting out of bed before noon, showing up on time, being courteous to customers, operating a cash register or fork lift—millions of kids will spend the summer playing computer games or hanging out.

The lousy economic recovery explains much of this decline in teens working, and some is due to increases in teen summer school enrollment. Some is also cultural: Many parents don't put the same demands on teens as they once did to get out and work.

I respectfully disagree with The Wall Street Guys on this one.  I've been getting in about 65 hours a week since the first week of June.  Mrs. Sepulchre easily logs in the same number.  The Aggie, our offspring, has been putting in 70.  Yes, 70. 
Every summer, I get a cycle of calls from parents that I know, and they're always wondering if I've got a spot for their Jason, Jeremy, Justin, or Josh. 
If things go as planned, Dr. Ralph's youngest kid might be coming to work with us this summer. 
While there might be some parents who don't want their delicate little snowflakes to be stunted by premature labor, I've not met many.  There's something else going on in these unemployment numbers.  Back to the Wall Street Journal:

...But Congress has also contributed by passing one of the most ill-timed minimum wage increases in history. One of the first acts of the gone-but-not-forgotten Nancy Pelosi ascendancy was to raise the minimum wage in stages to $7.25 an hour in 2009 from $5.15 in 2007. Even liberals ought to understand that raising the cost of hiring the young and unskilled while employers are slashing payrolls is loopy economics.

Yeah.  Well.  Their battle-cry is "It's not fair !" or "Corporate greed !!" or "Would you want to work for $5.15 an hour?"
But it is indeed loopy economics. 

Or maybe not. The Center for American Progress, often called the think tank for the Obama White House, recently recommended another increase to $8.25 an hour. Though the U.S. unemployment rate is 9.1%, the thinkers assert that a rising wage would "stimulate economic growth to the tune of 50,000 new jobs." So if the government orders employers to pay more to hire workers when they're already not hiring, they'll somehow hire more workers. By this logic, if we raised the minimum wage to $25 an hour we'd have full employment.

Think about that for a moment.  Enjoy it.  Roll that sentence around in your mouth like a fine wine. The ironically named "Center For American Progress" is going to increase the sales of something by raising the price. 

Back on planet Earth, the minimum wage increase has coincided with the plunge in the percentage of working teens. Before the most recent wage hikes, roughly seven million teens were working. Now there are closer to five million with a job and paycheck.

So why in the hell would anyone in his right mind continue to defend these arbitrary minimum wages?  Could it be that The Sepulchre Family has benefitted at the expense of some of the unemployed?  Is The Aggie racking up overtime because she's gotten some advantages over those who are less skilled because they didn't get onto the employment ladder at an earlier age? 
Yes. 

Black teens have had the worst of it, with their unemployment rate rising to 41.6% in April from 29% in 2007, faster than almost any other group. A 2010 study by economists William Even of Miami University of Ohio and David Macpherson of Trinity University found that as a result of the $2.10 increase in minimum wage, "teen employment dropped by 6.9 percent. . . . For the teen population with less than 12 years of education completed, teen employment dropped by 12.4 percent." For teens priced out of the labor market, their wage fell to zero.

Whew.  Thank God my family is white, and can avoid the burden of government regulatory help of this kind. Perhaps if the Center For American Progress can get the minimum wage raised to $10.00 an hour, black teen unemployment will hit 75%, guaranteeing better employment opportunities for white folks like us. 
(Seriously, for more info on the racist origins of the minimum wage laws, go here.) 

The great tragedy is that even discussing the role of the minimum wage in teen unemployment seems to be a political taboo. The other day we saw ABC's George Stephanopoulos baiting Michele Bachmann on the minimum wage, as if refusing to raise it would be some epic political gaffe. Ms. Bachmann didn't back down from saying that the minimum wage has contributed to unemployment, though she didn't explain why.

The great tragedy is that even discussing the role of the minimum wage in teen unemployment seems to be a political taboo.

Yeah, thanks to our public school system, which does a great job of teaching victimology but a lousy job of teaching cause and effect, if you discuss anything about repealing minimum wage laws in public, you're painted as an evil, uncaring, slave-driver. 
And the people who arbitrarily increase these wages above the market level are painted as heroic champions of the people.  Go figure. 

What she or another candidate should do is stop playing defense and ask why Mr. Stephanopoulos doesn't seem to mind a black teen jobless rate of 41.6%. Someone truly brave would come out for a teenage sub-minimum wage of, say, $4 an hour. In certain circumstances employers can now pay teens a minimum of $4.25, but only for 90 days. This makes employers reluctant to hire at all. Make the case on moral grounds that a mandated wage that is too high blocks the young and unskilled from grabbing a place on the economic ladder.

Teenagers who work part-time while attending school generally make more money and have more successful careers as adults than kids who never work. As a 2006 study by the Federal Reserve Bank of Chicago put it: "The drop in teen labor force participation may also have implications for future productivity growth. In general, labor market experience tends to raise subsequent earnings."

The U.S. has long had a labor market flexible enough that when the economy grows, the jobless rate falls smartly. This time has been different, and the great danger is that Obamanomics has moved the U.S. to a permanently higher jobless rate as in so much of Europe. For America's teenagers this summer, that reality is already here.

But not at my house.  My kid is doing great, pulling in overtime pay with both hands and a shovel.

Her employer could take a risk and spread the wealth by hiring some of those black kids in the neighborhood where she works, but why bother?  Why take the risk on a new hire at a high rate when you can hire an experienced white girl who has been doing the job for two years already?

It's because of the minimum wage, one of the few Federal programs that has worked exactly as intended.  It guarantees full employment for whites at the expense of others.  I keep expecting it to show up on on the "Stuff White People Like" website. So thank you, Nancy Pelosi and the Democrat Party.  Thank you, thank you, thank you. 

South Africa's minimum wage laws are working.

From The New York Holy Times:

....16 years after Nelson Mandela led the country to black majority rule, more than half of blacks ages 15 to 34 are without work — triple the level for whites.

....The sheriff arrived at the factory here to shut it down, part of a national enforcement drive against clothing manufacturers who violate the minimum wage. But women working on the factory floor — the supposed beneficiaries of the crackdown — clambered atop cutting tables and ironing boards to raise anguished cries against it.

Go here to read more about the racist origins of the U.S. minimum wage laws.  The authors of this legislation wanted to guarantee full white employment at the expense of blacks.  The issue was debated along those lines in Congress, and is one of the most successful pieces of legislation ever written, IF you look at it from the point of view of a Klansman.  
 
The cartoon above came from Carpe Diem, Professor Mark J. Perry's blog about economics and finance.  This next cartoon is somewhat off-topic, but I think it illustrates the same mindset. 

It's not about helping you.  It's about how I feel while I pretend to help you. 

A Libertarian Contract With America

The Republicans have released their "Pledge To America".  If they honor any of it (except the pledges to continue blowing money overseas) I'll be amazed. 

The Democrats haven't released any summary of their goals and objectives since it is hard to predict the direction of an ongoing train wreck. 

One cool thing about being a Libertarian is that our platform doesn't really change. 
I own me, you own you. 
 Leave everyone alone as much as possible. 
Government should provide some infrastructure, some defense, plus enforce contracts and referee in disputes. 
That's it. 

Let me propose the following Libertarian Contract With America.  (Yes, this could probably use some crowdsourcing.)

1)  If Libertarians are elected in sufficient numbers, they will repeal ObamaCare.  They will lower medical costs for all Americans by allowing a free market approach to medicine.  Things are costly when they are scarce, and any healthcare proposal that doesn't begin with eliminating scarcity is doomed to failure. 

2) If Libertarians are elected, they will ensure that The United States is the most secure nation on earth.  However, the United States will no longer ensure this security for Europe, Korea, Japan, Taiwan, or any of our other economic competitors.  Our boys and girls will come back home. 

3) Since we will no longer be defending the borders of South Korea, Taiwan, Japan, or Europe, we will no longer need 50% of our military capability.  Our government will give some of this savings back to the American taxpayers, and apply some of it to our national debt.  Even if we cut defense by 50%, we will still have the largest military on earth. 

4) The Libertarian Party will shut down a random Cabinet-level department, partly to prove that it is serious, and partly for the sheer fun of it.  The Department of Energy has more than 100,000 employees and does nothing but consume energy.  That would be a good place to start. 

5) The government will audit the Federal Reserve and publicize the findings.  The government will limit The Fed's ability to print money to pay off government debt. 

6)  Anyone wanting a bailout will have to consult his brother-in-law.  Ditto for earmarks, grants, subsidies or other forms of pork. 

7)  As American taxpayers have a sentimental attachment to public education, we will provide parents with an education voucher for their children.  Public schools will have to compete for these vouchers since this will be their only source of funding. 

8)  Since I own me and you own you, it makes no sense to continue locking recreational drug users into steel cages with rapists and murderers.  "No harm, no foul" will be the order of the day.  The violence along the Canadian border ended when our government legalized alcohol sales, and the same approach will end the violence along our border with Mexico if marijuana prohibition is ended. 

9)  The government will no longer have an opinion on who can or cannot marry, as long as he or she has reached the age of consent.  Marriage is a religious issue.  Civil Unions are a government issue and will be available to any adult partners or groups willing to be united civilly. 

10)  Throughout history, the nations with the highest levels of trade were the nations with the highest levels of prosperity.  Therefore all protective tariffs, quotas, and import taxes will be reduced to the lowest possible levels.  When Target has a sale on jeans, we don't worry about the impact on Wal-Mart, or worry about protecting Wal-Mart from unfair competition.  The same philosophy will apply to all manufacturers and other businesses.  Protecting business equals shafting consumers.   

11)  The government will support your right to shop where you want to shop.  The government will support the rights of businesses to charge whatever they want to charge, as long as it doesn't violate a pre-existing agreement.  The government will support the rights of workers to unionize and also support the rights of employers to kick out the unions and hire someone else. 
It's called "freedom of contract", and these financial transactions are none of the government's business unless one side or the other doesn't follow through on its promises. 

12) As minimum wage laws set an arbitrary minimum threshold for employment, thereby making it illegal to hire anyone whose labor is not worth this amount, minimum wages will be abolished.  The government will no longer saw the lower rungs off of the employment ladder. 

13)  Abortion rights will be left to each state.  No federal funds will be used for abortions, or any other medical procedures. 

14)  Anyone who has paid into Social Security, Medicaid, or Medicare will be given a "cash out" option that he or she can use for retirement, for immediate needs, or to take to Vegas.  Those wishing to remain in the system can do so.  (The money IS still there, right?) 

15)  Anyone wanting to bring ghosts, goblins or gods into a school will have to start a school of his own.  Anyone wanting to pray to these spirits can do so on his own time.  Silently. 

There.  That should do it.  Does anyone want to run those savings past the Congressional Budget Office?  Would we then have some money available to save and create jobs ?