Monday, September 1, 2014

Minimum Wage

http://www.aol.com/article/2014/09/01/obama-revving-up-economy-calls-for-higher-wages/20955426/?icid=maing-grid7|main5|dl3|sec1_lnk3%26pLid%3D523266

President Obama wants Congress to raise the minimum wage.  President Obama has never owned or run a business of any kind.  He is as ignorant of business as he is of military operations.  His call for an increase in the minimum wage is a demonstration of his ignorance of how the economy works.

Every single time the minimum wage is raised people are laid off.  Many people who are working minimum wage jobs are barely worth what they are being paid.  When these jobs cost more money, these people are laid off and the work is either not done anymore, or the work is picked up by other people. 

Today, there are others who compete for minimum wage jobs.  Robots are being built now that can do many minimum wage jobs.  We used to have thousands of telephone operators.  Computers have replaced nearly all of them.  We used to have thousands of bank tellers, and now ATM machines have replaced most of them.  Fast food workers are being replaced by machines, and when the minimum wage goes up, it the machines become just that more cost effective, that's the view from the Hysterical Right Wing.

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