Somehow, Obama turned away from abusing the Constitution with Executive Directives long enough to deliver a State Of The Union message. Not surprisingly, his long leftist list of socialist dreams was full of more assaults on personal liberty, the Constitution and anyone who doesn’t agree with the King. Hey, it is what he does.
So now we are told by Obama, the economic genius, the ONE, King Koolaid, Mr. Downgrade . . . that from sea to shining sea, the minimum wage for 315 million Americans of wide and diverse talents shall be $9 per hour. It is going to be a living wage, as well. Huh? And what a piker. San Francisco has already gone to $10.55 per hour.
Thinking back now, way back to 1967, to remember my first job. I was a part time bag boy and stocker for the minimum wage of $1.45 per hour. Even at the tender age of 16, I understood this to be a starting wage. Even a 16 year old know-nothing knew that a family couldn’t live on $58 per week(40 x $1.45), despite the fact gasoline was only 23 cents a gallon back then. Of course we were advantaged in those days because the schools actually taught math.
Since upwards of 70% of Americans support the idea of a minimum wage, it is obvious that our citizens are both math-challenged and emotional in their conclusions. Let’s look at the definition of minimum: “the least quantity or amount possible, assignable, allowable, or the like.” Now, the lowest wage earners, those earning the least amount of money are and always have been working for a poverty wage. This is a fact of life, a law of economics, and should be self-evident to sentient people willing to put their emotions aside.
Any raise in the minimum wage will still result in the lowest pay rate and the lowest paid people will have the least purchasing power. It may take a little while for prices in the economy to adjust but they will because businesses have to cover the expense of a higher minimum wage. Is there any way they can make a Burger King Whopper for the same money if the people making the burger are making $1.75 per hour more? If it didn’t work this way, then we could raise the minimum wage to $100 an hour and everybody would be prosperous . . . right? You notice nobody suggests a $100 per hour rate, but a majority are all in for the incremental stupidity of forcing $9 per hour on all employers.
When gasoline was 23 cents a gallon, the minimum wage was a poverty wage and it will be a poverty wage when the Congress raises it to $9. And they will raise it, because the American people want to be “fair” or can not do math. At 23 cents for a gallon of gas, it cost a 1967 minimum wage worker about 8% of a week’s wages to fill his tank. At $9 an hour it will cost about 17% of a week’s wages to buy a tank of gasoline, which now has an average of about 40 cents in taxes on each and every gallon. See how the government helps?
Still feeling good about the minimum wage laws? If you are, then 2 plus 2 equals 3, which explains why you or anyone else believes they have any business telling me what to pay my employees.