Counterproductive Minimum Wage Mandates
Working for wages
has never been the path for significant wealth. Most people are not equipped nor do they have the inclination to be engaged
in business endeavors that will earn them a viable living. The reluctance that most workers bring to their occupation stems
from their inability or unwillingness of properly understanding the related components that are essential in creating wealth.
While many view work as a curse, the indispensable reconciliation for a practical and tolerable acceptance of universal plight
is that no one is owed a living. In a world of Totalitarian Collectivism, the powers that control international economies, seek to pacify the laboring hordes with crumbs from substandard
minimum wage mandates. The foolishness that guarantees minimal scale for hourly toil can and will never produce a prosperous
society. The entire economic interdependent scheme to destroy the last vestiges of a bona fide "free market" economy
is at the heart of minimum wage mandates.
Corporatists love higher minimum wage increases
because small business is least equipped to absorb added costs in their operations. Corporatists are in the business of monopoly
formation. Competition is a cardinal sin to the globalists. Any governmental imposition that creates added strain on the very
viability of potential contenders, eagerly sought by crony capitalism, is destructive to labor.
Wall Street conglomerates
intentionally hire few people, when compared to the total work force. The trend to slot part time positions with modest or
no benefits or contract employees is the new model. This framework offers little opportunity for the unskilled or first time
BalancePolitics.org offers reasons pro and con about minimum wage.
Abolish Minimum Wage Mandates
Keep Minimum Wage Mandates
1. The vast majority of economists believe
the minimum wage law costs the economy thousands of jobs.2. Teenagers, workers in training, college
students, interns, and part-time workers all have their options and
opportunities limited by the minimum wage.
3. A low-paying job remains an entry point for those with
few marketable skills.
4. Abolishing the minimum wage will allow businesses to achieve greater efficiency and lower
5. When you force American companies to pay a certain wage, you increase the likelihood that those companies
will outsource jobs to foreign workers, where labor is much cheaper.
6. Non-profit charitable organizations are hurt
by the minimum wage.
7. The minimum wage can drive some small companies out of business.
8. A minimum wage gives
businesses an additional incentive to mechanize duties previously held by humans.
9. Cost-of-living differences in various
areas of the country make a universal minimum wage difficult to set.10. Elimination of the minimum wage would mean more citizens and fewer illegals would be hired for
low-pay hourly jobs, leading to greater tax revenues and less incentive for illegal immigration.
11. The minimum wage creates a competitive advantage for foreign companies, providing yet another obstacle in the ability
of American companies to compete globally.
12. The minimum wage law is just another example of government condescendingly
controlling our actions and destroying personal choice. Citizens do have the ability to say no to a lower wage.
1. Adults who currently work for minimum
wage are likely to lose jobs to teenagers who will work for much less.
2. Workers need a minimum amount of income from
their work to survive and pay the bills.
3. Businesses have more power to abuse the labor market.
4. It forces
businesses to share some of the vast wealth with the people that help produce it.
motivation to impose minimum wage conditions for employment is to control the workforce. Helping the downtrodden is a myth
or an outright lie. Functioning businesses must be able to balance their books to survive. Employing productive labor translates
into paying a scale that benefits both the business and the worker. In the age of systemic social welfare, it is insulting
to claim that minimum wage laws grow the economy or increases labor opportunities.Talk
Of Liberty, in Abolish Minimum Wage makes the point:
"If you make minimum wage, most likely you are on government
housing, food stamps, Medicaid, fuel assistance and all the other government goodies. My point is if this is the group you
are worried about, you shouldn’t. That is the point of this countries welfare system. This is where the Liberals want
to have their cake and eat it to. Get rid of welfare and its massive costs if you want higher wage laws, get rid of welfare."
The proper way to hasten a true domestic economic revival is to adopt a "right to work"
policy that allows independent businesses to hire people based upon the free exchange and responsibilities of agreed remunerations.
Without profitable incentives and relief that small business can secure, taking the risk of employing additional "hired
help" is purely academic. Thomas Rustici, in his scholarly Cato paper,
A PUBLIC CHOICE VIEW OF
THE MINIMUM WAGE, identifies the nature of the impasse to achieving free markets.
one can hope for the abolition of the minimum wage, the influence of the well-organized, special-interest groups that receive
the bulk of the benefits from it must be reduced. There is, however, little chance that such groups as Northern unions and
businesses, or interest groups in general, could be barred from the political process in the near future."
The problem with any acceptance of government imposition of compulsory wage scales into
private employment negotiations destroys opportunities for employees. A job presupposes that a business has a reason to hire
added help and can afford the costs of a day’s pay for a day’s work.
socialized economy inevitably ensures a stagnate workforce. People need to be encouraged to learn the skills that small business
demands as the basis for injecting worth and value in order to earn a paycheck.
answer to the Corporatists/State oppressive economic stranglehold is a workable free market of exchange, barter and consensual
business relationships. Liberate your thinking before you can fatten your pocketbook.
Hall – October 10, 2012
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