Quote: Originally Posted by Hoid
See? Without the winky its just more vaguely related words
Here is an article asking a question LIE-berals WILL NOT want to answer! With some comments of my own in brackets):
If $15 minimum wage is such a good idea, why did AOC's bar close down?
By Larry Elder.
Published: March 24, 2019. Updated: March 24, 2019 6:13 PM EDT
Filed Under: Toronto SUN/ Opinion/ Columnists
Democrat Alexandria Ocasio-Cortez played a key role in helping kill Amazon's New York aspirations. Her campaign spent $12,000 at the online retailer. THE ASSOCIATED PRESS
The brilliant Thomas Sowell, when in college, considered himself a Marxist. Asked what changed him, Sowell said, “Evidence.”
After completing undergrad at Harvard and obtaining a master’s in economics, Sowell landed a summer internship with the Department of Labor. While there, he researched the impact of minimum wage law on employment. Sowell learned two things, both of which he found startling. First, minimum wage laws create job loss by pricing the unskilled out of the labour force.
(The logic is irrefutable- the shop selling doughnuts at $1 each will be more popular than the shop selling them at $2 each- unless there is a glaring difference in quality!)
Second, Sowell discovered that “the people in the labor department really were not interested in that, because the administration of the minimum wage was supplying one-third of the money that was keeping the labor department going. … I realized that institutions have their own agendas and their own incentives.” In short, Sowell found that the Department of Labor did not care about the real-world effects of the minimum wage law. He credits this experience, this search for evidence, with having the “biggest” impact on his thinking.
(WE have this sort of mental attitude problem in all areas of govt! Civil service union HOGS think nothing of using democracy and capitalism in selfish mercenary ways! WE have only to look at the evidence that the typical Hog earns one third more cash than a private sector person doing the same job- and that is without factoring for pensions!!!!!!!!!!!!!!)
The left refers to the skeptics of “climate change” alarmism as “anti-science.” But when it comes to left-wing passions like the $15 minimum wage, a “universal basic income” and the “wealth tax,” it is the left that ignores evidence.
(The LIE-berals are being totally dishonest by insisting we adopt solutions that will ruin our lives WITHOUT doing much about climate change!! Thus far NO LIE-berals has been able to explain how the environment is being improved by Cdn LIE-beral govt sending $2 billion dollars each year to Viet Nam to purchase carbon “credits”!!!!!!!!!!!!!!!!!!!!!!!!!)
(LIE-beral greed runs so deep they consider it INSULTING to be asked to justify that $2 billion carbon crap deal!! As LIE-berals are willing to lie relentlessly about climate issues for personal benefit there would certainly be nothing to prevent them lying about the minimum wage and its effect on economy!!!!!!!!!!!!!!!!!!)
Among those calling for a $15 minimum wage is self-described Democratic socialist Rep. Alexandria Ocasio-Cortez, D-N.Y. Before her election to Congress, Ocasio-Cortez worked as a bartender at a popular New York bar in Union Square called The Coffee Shop. How popular? Investor’s Business Daily said the bar was “frequented by A-list celebrities and featured on Sex and the City.” Despite its popularity, The Coffee Shop went out of business last year. Its co-owner, Charles Milite, cited as the primary reason the city’s minimum wage law. “The minimum wage is going up,” said Milite, “and we have a huge number of employees.”
(The mathematics are simple- a food service place becomes popular largely by offering good staff service and good food or drink at low prices- but ever higher taxes on business - needed so govt will have ever more gravy for Hogs- will drive up prices and persuade some customers to stay home- and higher minimum wages - mandated by LIE-berals meddling with the economy as they buy votes - drives up prices as well and persuades even more customers to stay home!!!!!!!)
Economists have long studied the impact of minimum wage laws. The Employment Policies Institute is a Washington, D.C., based nonprofit organization that studies public policy issues pertaining to employment growth. It is managed by an economist formerly with the Bureau of Labor Statistics. As to the $15 minimum wage, a 2015 EPI-commissioned survey of economists found:
“Nearly three-quarters of these US-based economists oppose a federal minimum wage of $15.00 per hour. The majority of surveyed economists believe a $15.00 per hour minimum wage will have negative effects on youth employment levels (83 percent), adult employment levels (52 percent), and the number of jobs available (76 percent). When economists were asked what effect a $15.00 per hour minimum wage will have on the skill level of entry-level positions, 8 out of 10 economists (80 percent) believe employers will hire entry-level positions with greater skills. When economists were asked what effect a $15.00 per hour minimum wage will have on small businesses with fewer than 50 employees, nearly 7 out of 10 economists (67 percent) believe it would make it harder for them to stay in business.”
(So 3/4 of economists opposed for logical reasons and one quarter supporting higher minimum wages for reasons of LIE-beral POLITICAL IDEOLOGY -and SHAMELESS VOTE BUYING!!!!!!!!!!!!!!!!!)
What about the “universal basic income”? Two countries, Canada and Finland, recently tried it. Both stopped.
In Canada, the experiment was tried in Ontario. According to the Washington Times: “The Ontario experiment was a particularly generous version of a UBI. Eligible individuals could receive $17,000 (Canadian; about 13,000 U.S. dollars today) minus half of any earned income. A couple could receive $24,000. And people with disabilities could get as much as $23,000. For the Ontario pilot, only low-income folks participated, and their benefits replaced unemployment insurance, the state pension and disability payments.” The program, begun in 2017, was supposed to last three years. But the government of Ontario, citing costs, ended it after just 15 months. About the experiment, one researcher said, “We just don’t have any data to know whether it was working or not.”
The Finnish two-year experiment started in 2017. A random group of 2,000 unemployed 25- to 58-year-old Finns received a monthly income of about $650, no strings attached. But Finland did not renew the program. A preliminary review found no positive effect on employment as to the first year. But one prominent proponent, a professor at Finland’s University of Turku, said, “The whole truth is much more complex, we need many more studies and research to find out.”
(Our federal LIE-berals have calculated that if a Canada wide basic income program was created- our federal deficit would balloon almost immediately to $76 billion dollars!!!!!!!!!!!!!!!!)
(In addition, most Cdns do not feel it is wrong to be generous with a person who was born with a birth defect- as such things are out of the victims control! But Cdns DO NOT consider drug addicts and welfare bums to be victims worthy of costly charity!!!!!!!!!!!!!!!!!)
(As for the alleged lack of evidence re the basic income experiment- that is a LIE-beral LIE! WE need only look at the events of the NDP govt of Bob Rae when he loosened the welfare purse strings and began trying to make us rich with borrowed money!!!!!!!!!!!!!!!!!!!!!!!)
(During the 4 year Rae disaster- the number of welfare recipients rose by something like 400 percent and the bill helped cripple the Ontari-owe budget!! In that 4 years- Rae managed to DOUBLE the Ontari-owe provincial debt!!!!!!!!!!)
(Under Rae/NDP generosity to the poor, things got so bad in Ontari-owe that Rae was forced to send civil service union Hogs home for unpaid days off!!!!!!!!!!!)
(By comparison- LIE-beral Kathleen Wynne- is currently listed as the most hated premier in Cdn history- and yet it took her party 15 years to double our provincial debt!! Canada has nudged the debt wall and the backlash to govt greed is growing- fortunately for LIE-berals - it is our kids that are hit hardest by govt greed and also it is kids who are least likely to vote- thus offering slight protection to LIE-berals!!!)
As to the wealth tax, in 1990, 12 European countries had such a tax on those with high incomes. But only three of those countries still have it. A February NPR piece on Europe’s wealth tax said, “According to reports by the OECD and others … it was expensive to administer, it was hard on people with lots of assets but little cash, it distorted saving and investment decisions, it pushed the rich and their money out of the taxing countries — and, perhaps worst of all, it didn’t raise much revenue.”
(Yes- LIE-berals are desperate for new revenue streams and think that higher wealth taxes and death duties are a fine solution- but there are always loops holes for the tax avoiders!! Even worse- LIE-berals end up talking in circles as they offer up tax breaks to save jobs- breaks that neutralize the wealth taxes due ti businesses being inherited!!!!!!!!!!!!!!!!!)
(LIE-beral hypocrisy points to corporate CEO`s - the people who should pay those high wealth taxes- but such people have excellent accountants and thus it always ends up being civil service Hogs who own a second home and have assorted investments courtesy of their solid gold govt pensions who end up paying the most in taxes- and thus MORE loopholes are needed to save Hog votes!!!!!!!!!!!!!!!!)
As to the left-wing pursuit of the $15 minimum wage, a universal basic income and the wealth tax, does evidence matter?
(For LIE-berals -there is only one thing of importance- getting re-elected!!!! LIE-berals have proven they will deliberately miss-represent any situation under any circumstances- just so long as such Fake News offers LIE-berals a chance at personal advancement!! Sweet reason and logical thought are handicaps to be despised by LIE-berals!!!!!!!!!!!!!!!!!)
Larry Elder is a best-selling author and American radio talk show host.