Saturday, February 6, 2016

The 'Logic' Of The Right-Wing Never Ceases To Amaze Me

“There is nothing in the record of the past two years when both Houses of Congress have been controlled by the Republican Party which can lead any person to believe that those promises will be fulfilled in the future. They follow the Hitler line - no matter how big the lie; repeat it often enough and the masses will regard it as truth.”
John F. Kennedy

...Milton Friedman discusses how the negative effects of the minimum wage are concentrated on the least skilled workers, especially minorities, which emphasizes the point that Don makes in his two blog posts, and which I try to illustrate in my Venn diagram:
The minimum wage law is most properly described as a law saying that employers must discriminate against people who have low skills. That’s what the law says. The law says that here’s a man who has a skill that would justify a wage of $5 or $6 per hour (adjusted for today), but you may not employ him, it’s illegal, because if you employ him you must pay him $9 per hour. So what’s the result?  To employ him at $9 per hour is to engage in charity. There’s nothing wrong with charity. But most employers are not in the position to engage in that kind of charity. Thus, the consequences of minimum wage laws have been almost wholly bad. We have increased unemployment and increased poverty.
Moreover, the effects have been concentrated on the groups that the do-gooders would most like to help. The people who have been hurt most by the minimum wage laws are the blacks. I have often said that the most anti-black law on the books of this land is the minimum wage law.
It must be true, there's a venn diagram.

This reminds me of the televangelists who want you to send them money so that you will become rich. It's for your own good, you see.

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