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Minimum Wage Archives

Three years old!

Three years old!

This is the Consider This podcast, which recently passed its third anniversary, bringing you conservative commentary, and your feedback, in 10-minute-or-less chunks, since June 14th of 2012. I’ve left the terrible twos and am entering the thrilling threes! And just like the 1st and 2nd anniversaries, the time limit might just take a holiday for this episode.

I’ve got kind of a general topic for this anniversary. I’m going to explain, not why I’m conservative, but why I’m not a liberal. The launching point for this will be what seems to me the Liberal Utopia society would be, and why it doesn’t really work or why I believe that some features are really problems.

Mentioned links:

List of countries by energy consumption per capita

Consumption by the United States

The top 1% and what they pay

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Dan  Price of Gravity Payments

Dan Price of Gravity Payments

CEO Dan Price of Gravity Payments decided to raise the wages of all his employees to a minimum of $70,000, while reducing his almost-$1 million salary down to that same $70,000. The Left love it, the Right hated it. But we don’t know how it will turn out, so it’s too early to celebrate. And if this little microcosm of what some have called “socialism” fails, will we even know? It’s being done in an economy of capitalism all around it, which could mask any problems.

Mr. Price said, “As much as I’m a capitalist, there is nothing in the market that is making me do it.” But let’s take a look at his motivations and his actions, and it doesn’t sound like he understands the meaning of the terms “capitalism” or “market”. Which is not good news for people, like his employees, who are depending on his economic decisions.

Mentioned links:

Seattle boss raises entire company’s minimum wage to $70,000

$70,000 promise brings flood of new clients and job applicants

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Episode 100!

Episode 100!

Well, I made it all the way to episode 100! If you’ve been listening, thanks so much. If you haven’t, might as well start now.

I start out the show with greetings and feedback from listeners. Yes, there are people out there actually listening to this, and I appreciate it very much.

Then we take a trip back to Camelot, as Mark Twain’s character did in “A Connecticut Yankee in King Arthur’s Court”. In that book, there is a short chapter about … economics. No, really. And it’s trying to teach a lesson that, over a hundred years later, we’re still having to relearn.

Mentioned links:

Hornet Archives (MOD/Tracker music)

A Connecticut Yankee in King Arthur’s Court, chapter 33 [Project Gutenburg]

10 Nations With the Highest Minimum Wage…and What They Pay For It

This is how the minimum wage is actually hurting workers

Wal-Mart Pay Raise Tops Minimum Wage For Half-Million Employees

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Episode 51: Now Who Could Have Anticipated That?

This episode features a series of “shocking” revelations, that really shouldn’t be shocking at all.

The liberal magazine The Nation, after getting after other businesses to raise their pay, is finally going to pay their own interns the federal minimum wage. That’s great, right? More money into the economy? Except that they’re now going to hire fewer interns. Now who could have anticipated that?

A Daily Kos writer is peeved that she’ll have to pay huge premiums for a high deductible health insurance plan, thanks to ObamaCare(tm). Now who could have anticipated that?

The NSA, contrary to their own previous statements and those of the President, is actually collecting even more information on us than previously understood. Now who could…oh, you know the drill.

Mentioned links:

Liberal Mag Inadvertantly Proves Conservatives Right On Minimum Wage While Attacking Walmart

Argus Hamilton

Another rube wakes up

Lawmakers Probe Willful Abuses of Power by NSA Analysts

Episode 44, The One-Year Anniversary: What Edward Snowden’s Revelations Really Reveal About Government

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It appears that newly elected Senator Elizabeth Warren of Massachusetts is a listener to “Consider This!” How do I know? I suggest a $20 minimum wage as a thought experiment in episode 31, and now she’s one-up’ing me, suggesting $22. But her logic is flawed. (But, you knew that, right?)

People are applying for new gun permits at a fast clip (so to speak), but there’s one town in New England that just might surprise you where this is happening.

Democratic Senators, even those who’ve said they want a balanced budget, had a chance to vote for just the concept of one. True to form, they voted against it. Except one.

Mentioned links:

Elizabeth Warren heap big economic illiterate

Elizabeth Warren cherry-picked $22 per hour minimum wage number

Newtown reports surge in gun permit applications

Senate Democrats Vote Against the Concept of Balancing the Budget

DEMS SAY: BALANCED BUDGET? WE WERE JUST KIDDING!

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In this episode, I have a one-track mind. In the President’s State of the Union address, he proposed increasing the minimum wage by about 25% to $9 an hour, as though this will somehow defeat poverty.

The fact is, according to the government’s own Bureau of Labor Statistics, only about one and a half percent of all American workers are getting the minimum wage and not living with their parents. And on average, even this group isn’t in poverty.

Further, raising the federal minimum wage raises the wages of far more people than just those at the minimum. This causes prices to rise in a way that erases much of the increased minimum.

And if labor costs more, in addition to prices going up, workers may be laid off, or businesses may slow down hiring. Is this what we want to do now? In this economy?

Make economic decisions on facts, not emotion.

Mentioned links:

SOTU PROPOSAL OPENS UP MINIMUM WAGE DEBATE

Characteristics of Minimum Wage Workers: 2011

Political Payback: Facts Behind Organized Labor’s Push to Raise the Federal Minimum Wage (PDF)

How to Think About the Minimum Wage

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