Thursday, August 22, 2013

Wages

The Prez has called for an increase in the minimum wage.  Good for him, even if it's just a meaningless gesture to garner a drop of positive feeling from real liberals who are nauseated by his security state.  Unless he has a secret plan to win back the House in 2014, it ain't gonna happen.

Anyway, what's really been pissing me off are those so-called "economists" (not to mention so called "job creators") blabbing about how raising the minimum wage will constrict the job market.  No matter what low wage labor costs, employers always will employ the bare minimum number of workers they need to get the job done.  They don't spend more than they have to on labor just because the labor is cheap... and don't even get me started on unpaid interns.

The argument that low wages mean more jobs sounds good if you're an idiot, I suppose.  Also, I suppose there are a good number of idiots out there.

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