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Michele Bachmans turn at the Stupid Wheel with Obama!
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<blockquote data-quote="av8torntn" data-source="post: 852825" data-attributes="member: 8259"><p>Ok then let's make the minimum wage a million dollars an hour. That's the problem with the emotional arguments from the left. They are not based in any fact. You just want to ignore the relationship in the direct rise in the teen unemployment rate and the rise in a minimum wage. Someone cynical may think those on the left hate teenagers while I think they just lack the ability to think outside of their emotional box. </p><p></p><p>You guys have a hard time getting past the fact that a key part of production is the cost of labor. Government intervention in the labor market, or governmental forced increases in the hourly wage rates, is government intervention in the labor market. There is no positive result from the government taking away the right of someone to contract out the value of their labor. When the government raises the cost of labor above the current market value demand for labor decreases or demand for productivity increases. This causes a sharp decline in the demand for unskilled labor. </p><p></p><p>When the cost of labor increases and the demand for labor decreases the surplus labor pool becomes unable to find work. Employers seek alternative labor or cheaper alternatives. You begin to see business operations moved to areas where labor costs are lower. In this case jobs move overseas or are replaced with technology. All the while you guys whine and complain about jobs leaving our Country while you are the ones responsible. </p><p></p><p>"In this Country each time there has been an increase in the minimum wage there has been an increase in worker unable to earn minimum wage." Alan Reynolds</p><p></p><p>Union workers routinely lobby for increases in the minimum wage in an attempt to replace unskilled labor with skilled union labor. The problem with this is that it tends to drive entire industries out of our Country. This steel industry is a nice example of this and the automobile industry appears to be taking a similar path. </p><p></p><p>It is hard to argue when the facts clearly show that as the minimum wage has risen the gap between the overall unemployment rate and the teen unemployment rate has increased. In times past employers were more willing to take a chance on an unskilled teen and teach them a trade but now they are forced to seek more proven sources of labor. When you look at states that have raised their minimum wage rates above even the federal minimum the outlook is even worse for teens and other unskilled workers. </p><p></p><p>One is forced to conclude when faced with the facts that the dimocrats hate the poor and unskilled.</p></blockquote><p></p>
[QUOTE="av8torntn, post: 852825, member: 8259"] Ok then let's make the minimum wage a million dollars an hour. That's the problem with the emotional arguments from the left. They are not based in any fact. You just want to ignore the relationship in the direct rise in the teen unemployment rate and the rise in a minimum wage. Someone cynical may think those on the left hate teenagers while I think they just lack the ability to think outside of their emotional box. You guys have a hard time getting past the fact that a key part of production is the cost of labor. Government intervention in the labor market, or governmental forced increases in the hourly wage rates, is government intervention in the labor market. There is no positive result from the government taking away the right of someone to contract out the value of their labor. When the government raises the cost of labor above the current market value demand for labor decreases or demand for productivity increases. This causes a sharp decline in the demand for unskilled labor. When the cost of labor increases and the demand for labor decreases the surplus labor pool becomes unable to find work. Employers seek alternative labor or cheaper alternatives. You begin to see business operations moved to areas where labor costs are lower. In this case jobs move overseas or are replaced with technology. All the while you guys whine and complain about jobs leaving our Country while you are the ones responsible. "In this Country each time there has been an increase in the minimum wage there has been an increase in worker unable to earn minimum wage." Alan Reynolds Union workers routinely lobby for increases in the minimum wage in an attempt to replace unskilled labor with skilled union labor. The problem with this is that it tends to drive entire industries out of our Country. This steel industry is a nice example of this and the automobile industry appears to be taking a similar path. It is hard to argue when the facts clearly show that as the minimum wage has risen the gap between the overall unemployment rate and the teen unemployment rate has increased. In times past employers were more willing to take a chance on an unskilled teen and teach them a trade but now they are forced to seek more proven sources of labor. When you look at states that have raised their minimum wage rates above even the federal minimum the outlook is even worse for teens and other unskilled workers. One is forced to conclude when faced with the facts that the dimocrats hate the poor and unskilled. [/QUOTE]
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