The NYT was a wonderful newspaper in the AM Rosenthal era in the 1980s. I once had 3 letters then in the NYT in the space of a month, something that is now discouraged:
The failure for generations of the teachers in unions to graduate 100% their students to be very well prepared to take better jobs than the low skilled minimum wage jobs needs a strong president to step up to resolve.
Use The Sherman Antitrust law to get the monopoly of the teachers union out of our public schools. 12 years of public school at $25-35,000 per year per student...and the teachers fail to prepare millions of our own US students. Get rid of the union of teachers, not the teachers.
It seems like common sense (if that even exists anymore). Besides that, why wouldn’t higher minimum wages cause prices to go up? If all employees are getting higher wages, companies are going to make up for it somewhere.
Wait, don't tell me! I think they might pass on those greater expenses as wages in the form of a Price increase to their product or service that they provide.
My wife, a small business owner, ran two convenience store franchises where the largest consumption of gross profits was labor costs. She was constrained to limit the number of employees to meet necessary manning and she had to fill in when an employee was absent. Luckily, she retired before the state mandated minimum wages took effect. Those mandates might sound like gold for employees but management has to reduce increased labor costs so hours worked are curtailed, especially by small business owners. Only large companies can absorb such increase labor costs. According to SBA, around 46% of all private sector jobs are provided by small businesses!
I don't think it applies to rich states with low unemployment but even if it does, the minimum wage has broad societal support. Even if it actually hurts poor workers more than it helps, societal support and cohesion is very important. Especially if you want to keep the socialist wolf out of the house.
Socialists always have the easy "answers" until they come into power. Their first objective is to stifle opposition. Democracy and socialism are diametrical opposites
The NYT was a wonderful newspaper in the AM Rosenthal era in the 1980s. I once had 3 letters then in the NYT in the space of a month, something that is now discouraged:
• https://www.nytimes.com/1984/04/06/opinion/l-unisex-insurance-a-fairness-costly-to-women-102975.html
• https://www.nytimes.com/1984/04/22/opinion/l-the-single-primary-with-a-built-in-run-off-136905.html
• https://www.nytimes.com/1984/04/29/opinion/l-premature-warning-on-sodium-in-food-152112.html
The failure for generations of the teachers in unions to graduate 100% their students to be very well prepared to take better jobs than the low skilled minimum wage jobs needs a strong president to step up to resolve.
Use The Sherman Antitrust law to get the monopoly of the teachers union out of our public schools. 12 years of public school at $25-35,000 per year per student...and the teachers fail to prepare millions of our own US students. Get rid of the union of teachers, not the teachers.
It seems like common sense (if that even exists anymore). Besides that, why wouldn’t higher minimum wages cause prices to go up? If all employees are getting higher wages, companies are going to make up for it somewhere.
Wait, don't tell me! I think they might pass on those greater expenses as wages in the form of a Price increase to their product or service that they provide.
Duh! 😂
All conservative websites are preaching to their choirs. When will they figure out how to reach the unwashed outside the church?
When mainstream media quits filtering out the fallacies and pitfalls of liberal economics. That is a daunting task!
Liberals are like all minorities except non-liberal whites: once they get the power to hire, they hire only their own kind.
It is socialism, pure and simple! We need to shrink government and get "The Monster", out of our lives! Government is rarely the answer!
My wife, a small business owner, ran two convenience store franchises where the largest consumption of gross profits was labor costs. She was constrained to limit the number of employees to meet necessary manning and she had to fill in when an employee was absent. Luckily, she retired before the state mandated minimum wages took effect. Those mandates might sound like gold for employees but management has to reduce increased labor costs so hours worked are curtailed, especially by small business owners. Only large companies can absorb such increase labor costs. According to SBA, around 46% of all private sector jobs are provided by small businesses!
I don't think it applies to rich states with low unemployment but even if it does, the minimum wage has broad societal support. Even if it actually hurts poor workers more than it helps, societal support and cohesion is very important. Especially if you want to keep the socialist wolf out of the house.
Socialists always have the easy "answers" until they come into power. Their first objective is to stifle opposition. Democracy and socialism are diametrical opposites
The real minimum wage is always and everwhere $0.
the robots are coming for what might have been their jobs. Just ask ChatGPT.