Wednesday, February 26, 2014

Regulation

Ann Coulter understands the minimum wage issue.
"The minimum wage is the perfect Democratic issue. It will screw the very people it claims to help, while making Democrats look like saviors of the working class, either by getting them a higher wage or providing them with generous government benefits when they lose their jobs because of the mandatory wage hike. "
Exactly. Either way, Democrats win.
"Why were wages so high until 1968? Because that's when Teddy Kennedy's 1965 Immigration Act kicked in, bringing in about a million immigrants a year, almost 90 percent of them unskilled workers from the Third World.

Our immigration policies massively redistribute wealth from the poorest Americans to the richest. It's a basic law of economics that when the supply goes up, the price goes down. More workers means the price of their labor plummets. "
She's right about that too.
"Having artificially created a glut of low-wage workers, now Democrats want to artificially raise their wages.

It's win-win-win-win-win for Democrats.

-- Employees who get a higher minimum wage are grateful to the Democrats.

-- Employees who lose their jobs because of the minimum wage hike are grateful to the Democrats for generous government handouts.

-- Poor immigrants who need government benefits are grateful to the Democrats.

-- American businesses enjoying the deluge of cheap labor are grateful to the Democrats.

-- Democratic politicians guaranteed re-election by virtue of ethnic bloc voting are grateful to the Democrats.

Do Republicans have any principles at all? Why isn't the GOP demanding an end to this dump of unskilled workers/Democratic voters on the country? "
She is missing one economic point and that is competition is worldwide should be worldwide to benefit the consumer.
"You want a higher minimum wage? Turn off the spigot of low-wage workers pouring in to the U.S. and it will rise on its own through the iron law of supply and demand. "
But more jobs will move to foreign countries to purchase cheaper labor.

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