Wednesday, July 03, 2013

Goodspaceguy: The Minimum Wage is A Big Cause of Unemployment

Goodspaceguy: The Minimum Wage is A Big Cause of Unemployment
Dear Fellow Crew members of our Spaceship Earth,
This is message #45 from me, Goodspaceguy, on my blog Our Spaceship Earth

Message from Goodspaceguy, a jobs and prosperity candidate for the position of King County Executive, 2013 July 3.


Year after year, the voters elect and re-elect those who will continue the unemployment and the sabotage of our economy ... Stop it.

How high can we raise knowledge and the quality of life in King County? How close can we come to making King County into a leading jobs and wealth growing county? If the people who haven’t learnt economics allow us to unsabotage our competitive free market, our economy can then provide job choices for everyone who wants to work. Let’s unsabotage our economy.

Why are many people unemployed? Answer: Because people, not understanding economics, have sabotaged our economy.

The minimum wage forbids work to those people who don’t produce at the level required by the minimum wage. Supply and demand determines wages. Some of these wages are at levels below the minimum wage. By becoming illegal, these jobs disappear, and thus people become unemployed. If the ability of some people is not sufficient to earn at least the minimum wage, then the minimum wage law says that they may not work. They are allowed to give away their labor as volunteers, but everyone needs money. Some people whose jobs have been destroyed by the minimum wage law turn to crime and welfare.

Suppose you are out walking, and you notice a homeless woman living in front of the entrance to a closed business. She is partly protected by a small roof over the entrance. On the following day, as you walk by, you notice several other adults living in front of the entrance with her. At the level of work required by the minimum wage, these homeless people, although capable of doing useful work, are thought by many to be unemployable. But they need money. Since it is illegal for them to work, they might turn to crime or welfare or both.

As they turn to crime, people suffer from the harm of crime: car break-ins, home burglaries, muggings, and the taxpayers’ taxes for law enforcement go up.

As the unemployed turn to welfare, the workers should understand that they are the true providers of welfare. The workers produce the goods and services that make up the living standard. Through tricky taxation, part of what the workers would get from their employers is, instead, taken away from the workers and given to the welfare recipients. Thus the workers support themselves and the welfare recipients.

The competitive free market determines wage levels by the interaction of the supply of different types of labor with the differing demand for the various kinds of labor. Because of the high demand for highly productive labor, many people are paid more than the minimum wage, but there always are companies of low consumer demand that are losing or coming close to losing money. These companies have difficulty making enough profit to stay in business. The minimum wage pushes some of these struggling businesses out of business, and so jobs disappear and a percentage of our population becomes unemployed. The minimum wage should be called the job and business destroying minimum wage.

The higher the minimum wage, the greater the percentage of people who become unemployed. If we were to raise the minimum wage right now to $100 per hour, most businesses would become unprofitable and most people would lose their jobs. Crime and violence and litter would sky rocket. Our economy would collapse. The cities would become filthy and full of misery.

The minimum wage doesn’t increase the supply of jobs. Instead the minimum wage eliminates the jobs that can’t afford to pay the minimum wage. In the struggling companies, many of the wages as determined by supply and demand fall beneath the minimum wage and so these low paying jobs disappear and the people who would be working these jobs become unemployed.

The minimum wage is a job destroyer and a business destroyer. The minimum wage pushes down the living standard by decreasing the percentage of people working to produce the goods and services that make up the living standard.

What is one of the big things we can do so that low-income people can more easily find a choice of jobs and contribute? Answer: we can lobby to unsabotage our job market. We can lobby for the abolition of the job-destroying minimum wage law that forbids low-income people from selling their labor. Part of freedom is the right to sell one’s labor at a low market price. As more people work, the power to consume goes up. The minimum wage law actually forbids the selling of labor by many homeless people. Free people should be free to sell their labor … even at a low price.

To increase employment in the private sector, increase profits and defend wealth and stop the sabotage of our economy. Losses create layoffs, but profits create jobs.

To increase jobs, please let us build a job and wealth partnership. Let us abolish the evil, job-destroying, business-destroying minimum wage. Both wealth and profits produce private sector jobs that people want done. Let’s abolish the evil, job-destroying minimum wage so that we can get more homeless people and people-with-problems working.

The unemployment rate indicates how badly our leaders have sabotaged our job market. Let’s reduce crime and raise the living standard by unsabotaging our economy. Let us grow jobs for everyone who is willing to work. Idleness promotes crime, but work produces the goods and services and income that make-up our living standard. Let us use our unemployed people! Unemployment is a huge waste!

Our economy is like a truck. Economics tells us how to operate and unsabotage our economic truck. Elect small-spending candidates who understand economics. Vote against the big spenders. Vote against the heavy burden of carrying the big government of the big spenders.

Some centuries have greatness in them. In about the last hundred years, we developed cars, radios, airplanes, movies, television and computerization. We moved from the Horse and Buggy Age into the start of the Space Age. Now a great goal for this new century is for us to help build in King County a Full Employment, Fantastic Future!

I, Goodspaceguy, have studied economics and many subjects, including how to raise the living standard and improve the quality-of-life on our Spaceship Earth. Please, think of our Earth as a fantastic spaceship traveling around our Sun, and with our Sun, traveling around our Milky Way Galaxy.

I, Goodspaceguy, was born in Minnesota and educated at universities in Germany, Sweden, and America. I minored in economics and earned a Bachelor’s Degree and a Master’s Degree.

To learn more, please google me: Goodspaceguy, where you will find me and several talented and fascinating people who claim to be me: Goodspaceguy.

Blog: http://colonizespace.blogspot.com Email: goodspaceguy42@yahoo.com Telephone: 206-601-8172.

Elect Goodspaceguy: Profits, Jobs, Prosperity

10219 Ninth Avenue South, Seattle, WA 98168


Comments:
I voted for you, you jerk! If you win, you better deliver!
 
This is awesome!
 
Hahaha....have fun in space!
 
Seattle's forced $15 minimum wage is a disaster for small to medium sized businesses. And it was never put in front of the voters. The bogus argument in favor is that this will give the min wage workers more $$ to spend and they will be able to contribute to the economy. Bunk because guess what? Businesses are going to raise their prices to stay in businesses and their buying power with what $15 will evaporate. I am leaving this liberal toilet when I lose my job at the end of the year.
 
Hello, I've stumbled upon your blog after reading your latest in the voter's pamphlet.

The thing that always pisses dim-bulb Conservatives off is that while they like to blather on about a Constitution they've clearly never read, the founding fathers of this country set up a system of government that allows everyone a voice. In a time of unprecedented wealth inequality and reverse-Robin Hood economics as popularized by their beloved St. Reagan (really the starting point of America swirling down the bowl), it is only natural that things like a push for a higher minimum wage, or even a minimum wage at all would get massive popular support, and the mechanisms of the constitution let them become law. Anyone willing to work deserves the basic human dignity of a livable wage. When an employer pays someone the minimum, the real message is "If I could pay you less I would", and those who live lives of luxury while denying their underlings enough to get by on let alone some degree of happiness are the ones who are truly Evil. Your rant against decency while offering no meaningful solutions is not only foolish and ignorant, it is also by association Evil. Indeed, The United States of America was founded on a rebellion against the tyranny of entrenched hereditary wealth and privilege. Modern conservatism seems in many ways a pining for a return to feudalism, a return to rule be economic aristocracy. Profoundly and fundamentally UN-American. So sod off, Goodspaceguy.

Oh and Frank? Good riddance, don't let the door hit you on the arse on the way out. Maybe you can find somewhere more to your liking to live, with no intrusive government watching out for the average Joe...like Somalia.
 
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