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Business Title: How Government Creates Unemployment How Government Creates Unemployment
Economics isn’t hard, unless you’re a liberal. Republican governor Chris Christie mocked a network graphic insisting that 55 percent of New Jersey residents think he’ll be Vice President and 68 percent don’t. In case you don’t see the problem with these numbers, 68% + 55% = 123%. We’ve heard about giving “100 and 10 percent,” but that’s a sports number. Christie remarked about the 123% number, “That sounds like Democratic math!” Indeed. The same is true when it comes to things like youth unemployment. They can’t understand how the unemployment numbers for teenagers is so high. It’s quite simple: minimum wage laws. It used to be that when two people competed for the same job, the person who could undercut the cost an employer had to pay was in the running for the job, even if he didn’t have a lot of experience. An employer could take a risk on someone with a lack of experience because he didn’t have to pay him what an experienced worker might demand. Many of the jobs available to teens were low skilled anyway. By making it illegal to pay someone less than a government-mandated minimum wage, those with less experience are at a disadvantage. Employing teenagers is now a classic Catch-22 dilemma. “Do you have experience?,” the shop owner asks. Knowing how to add, the teenager is honest and shows initiative by answering, “No, but I’m willing to work at a lower wage to gain experience.”
“Sorry,” the shop owner says. “I would be breaking the law if I hired you for any amount less than the minimum wage. I can hire someone with experience at the same wage I’d have to hire you.” “But I can’t get experience if you won’t hire me.” “Tough luck. Write your congressman.” Brian Levine, co-owner of Tropical Smoothie Café knows how to add, but he also knows the law and the logic of the market place: “A lot of it comes down to what we can afford, versus the hours they’re available to work. We are more or less, the minimum wage type of place. I would obviously prefer to pay minimum wage, but I’d also go for an adult and pay them an extra dollar an hour. They’re available, have more experience and are quicker to train.” Renee Ward, founder of job posting site Teens4Hire.org, can also add. “If you have two candidates for a job, and one has experience and will take $10 an hour, and the other is a teen with no experience, who do you think would get the job? When jobs aren’t there for anyone, it’s that much harder.” Once again, government is the problem not the solution to job growth. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Comments (1-14) not displayed.
The minimum wage isn't really enough to live on already.
#16. To: A K A Stone (#14) And if companies had to pay those people enough to live on what do you think that would do to the prices of everything in this country?????? Skyrocket!!! So in essence you wouldn't accomplish what you set out to do....... Lets say for instance you are paying your helpers $15 per hour, and he wants a raise up to $20 per hour..... where is that money going to come from out of your pocket or your customers pocket???? Quiz of the Day: Who made the statement "The world would be a better place if only Men were to vote?????? HINT: It was a woman!!! #17. To: A K A Stone (#15) The minimum wage isn't really enough to live on already. No it isn't.... But most of those making minimum wage are still living with Mommy and Daddy...... Quiz of the Day: Who made the statement "The world would be a better place if only Men were to vote?????? HINT: It was a woman!!! #18. To: CZ82 (#16) Lets say for instance you are paying your helpers $15 per hour, and he wants a raise up to $20 per hour..... where is that money going to come from out of your pocket or your customers pocket???? It will come out of both pockets. :) I don't support ridiculously high minimum wage. I just think there should be a minimum so people aren't exploited. In this economy if there was no minimum wage do you think there would be jobs paying 4 bucks an hour? Who can live on that?
#19. To: A K A Stone (#10) Lucysmom-"If government imposed minimum wages result in high unemployment for teenagers, then there should be lots of jobs for teenagers in Somalia. " I know what she wrote. Thanks. Wherein that statement is there a reference to any nation other than Somalia? I'll believe that a corporation is a person 1 second after Texas executes one... #20. To: war (#19) She is comparing U.S. to Somalia.
#21. To: A K A Stone (#18) In this economy if there was no minimum wage do you think there would be jobs paying 4 bucks an hour? Who can live on that? What is it now $7 something per hour... Is that enough to live on??? NO!!! Quiz of the Day: Who made the statement "The world would be a better place if only Men were to vote?????? HINT: It was a woman!!! #22. To: A K A Stone, mininggold, CZ82 (#5) You think if we get rid of the minimuum wage we would be the same as Somalia? That is ridiculously stupid. Our country is more the minimum wage. That was lame. Nope. I suggested that if the author's thesis, no government imposed minimum wage was a job creator, Somalia - according to the theory - should provide lots of jobs to teenagers. I wrote that for the same reason that mininggold asks for an example of a functioning free market in the real world, to answer the question, what happens when the rubber meets the road. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul #23. To: CZ82 (#12) They're thinking/saying "Boy are those Americans sure stupid for electing people that drag them down to our level".... and laughing their asses off to boot.. That's so last century! Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul #24. To: lucysmom (#22) Nope. I suggested that if the author's thesis, no government imposed minimum wage was a job creator, Somalia - according to the theory - should provide lots of jobs to teenagers. I'm not going to let you off that easy. That is stupid. The United States as I mentioned is much more then minimum wage laws. We would have to repeal about a million laws to equal Somalia. Then we would have to adopt a ghetto lifestyle like Obama preaches.
#25. To: CZ82 (#21) What is it now $7 something per hour... Is that enough to live on??? NO!!! No it isn't much to live off very good. If there was no min wage. I think there would be millions and millions of people working for less then 7 bucks an hour.
#26. To: lucysmom (#22) I wrote that for the same reason that mininggold asks for an example of a functioning free market in the real world, There is no free market in Somalia. It is the way of the gun. ming is a loon if she thinks adopting a libertarian philisophy for government would make us Somalia. You two sound racist when you put down a black country like that.
#27. To: CZ82 (#17) No it isn't.... But most of those making minimum wage are still living with Mommy and Daddy...... 51.2% of minimum wage workers are 16-24 years old; 21.2% are 25-34 years old. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul #28. To: A K A Stone (#26) (Edited) There is no free market in Somalia. It is the way of the gun. Since libertarians canonot cite an instance where it's been actually tried, how do you know? EWWWW the race card!!!!!!!!!!!!!!!!!!! But maybe blacks in some areas of Africa are the true practicing libertarians. And isn't that what conservatives say they want?.... the gun as the only true regulator? Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET #29. To: mininggold (#28) Since libertarians canonot cite an instance where it's been actually tried, how do you know? You brought up Somalia. You are not credible.
#30. To: lucysmom (#27) 51.2% of minimum wage workers are 16-24 years old; 21.2% are 25-34 years old. As usual CZ cites figments of his imagination as sources. Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET #31. To: mininggold (#30) 51.2% of minimum wage workers are 16-24 years old; 21.2% are 25-34 years old. It looks to me like you made them numbers up. I'm calling your bluff. Source it.
#32. To: A K A Stone (#29) You brought up Somalia. You are not credible. And you can't cite one other area of the world where anything close to a truly free unregulated market exists. And you say I lack credibility!!!!!!!!!!!!!!! Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET #33. To: A K A Stone (#31) It looks to me like you made them numbers up. I'm calling your bluff. Source it. Why don't you show us your source that disputes it? Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET #34. To: A K A Stone (#26) ming is a loon if she thinks adopting a libertarian philisophy for government would make us Somalia. You still don't get it. Mininggold is asking for an example of a functioning free market - no mention of Somalia. I am suggesting that the absence of a minimum wages resulted in more job creation then we should see some of that happening in Somalia. Libertarians like Somalia more than you think: The Rule of Law without the State
Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul #35. To: mininggold (#32) And you can't cite one other area of the world where anything close to a truly free unregulated market exists. You can't show me one country that has no faggots in it. That is the problem with the world. That is 100 times smarter then anything you ever said.
#36. To: mininggold (#30) As usual CZ cites figments of his imagination as sources. It boggles the mind. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul #37. To: lucysmom (#34) I am suggesting that the absence of a minimum wages resulted in more job creation then we should see some of that happening in Somalia. We aren't Somalia. You sound really dumb when you compare us to Somalia.
#38. To: mininggold (#33) Why don't you show us your source that disputes it? I just know you make stuff up. Apparently you are busted because you can't cite a source.
#39. To: A K A Stone (#31) It looks to me like you made them numbers up. I'm calling your bluff. Source it. Umm - Stone, I posted the numbers. The source is the Department of Labor. Google "minimum wage workers profile" and see what comes up. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul #40. To: A K A Stone (#35) You can't show me one country that has no faggots in it. That is the problem with the world. And you still cannot show me one first world country with a truly free unregulated market. I have no idea why you are obsessing about faggots today. It must be your time of the month. Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET #41. To: A K A Stone (#38) (Edited) I just know you make stuff up. Apparently you are busted because you can't cite a source. I wasn't the one who posted it but I've seen the figures before. Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET #42. To: A K A Stone (#37) We aren't Somalia. You sound really dumb when you compare us to Somalia. I'm NOT comparing the US to Somalia. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul #43. To: mininggold, A K A Stone (#40) You can't show me one country that has no faggots in it. That is the problem with the world. Yes, and sooner or later you have to deal with the world and its people as it is if you are to develop any system that works in the real world. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul #44. To: lucysmom (#42) I'm NOT comparing the US to Somalia. He seems very confused today. Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET #45. To: lucysmom (#42) I'm NOT comparing the US to Somalia. Yes you are. You said Somalia should have low unemployment or whatever. That was in the context of talking about the min wage here. You most certainly did compare us to Somalia. Not only here but regularly.
#46. To: mininggold (#40) And you still cannot show me one first world country with a truly free unregulated market. Is that the reason why every "first world" country is in debt up to their unborn grandchilds eyeballs? Thanks for proving my point.
#47. To: mininggold (#44) He seems very confused today. It doesn't take much to confuse you. Obama screws you and your grandkids and you still support him. You're easily confused.
#48. To: A K A Stone (#20) No she is not. She's addressing a point made in the article, Simp. That reading and comprehending thingie again, eh Stone? I'll believe that a corporation is a person 1 second after Texas executes one... #49. To: A K A Stone (#45) Yes you are. You said Somalia should have low unemployment or whatever. That was in the context of talking about the min wage here. You most certainly did compare us to Somalia. Not only here but regularly. Cite the post where on this thread she did that or admit you are fabricating again to get your way. Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET #50. To: A K A Stone (#45) Yes you are. You said Somalia should have low unemployment or whatever. That was in the context of talking about the min wage here. You most certainly did compare us to Somalia. Not only here but regularly. Nope, wrong again. I'm not comparing anything, I'm checking out how a theory works in practice. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul #51. To: lucysmom, war (#50) It is a country with very little government interference. If government imposed minimum wages result in high unemployment for teenagers, then there should be lots of jobs for teenagers in Somalia.
#52. To: A K A Stone (#47) It doesn't take much to confuse you. You again confuse me with not agreeing with you and your fellow libertarian mystics to agreeing with one whom you believe is the opposite. Very BPD like. Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET #53. To: A K A Stone (#45) You said Somalia should have low unemployment or whatever. It doesn't take much to confuse you. Perpetuals since what age? 3? I'll believe that a corporation is a person 1 second after Texas executes one... #54. To: A K A Stone (#51) It is a country with very little government interference. If government imposed minimum wages result in high unemployment for teenagers, then there should be lots of jobs for teenagers in Somalia. Yeah, like I said, checking out how a theory works in the real world. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul . . . Comments (55 - 113) not displayed. Top • Page Up • Full Thread • Page Down • Bottom/Latest |
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