MUST READ!!! EXPLAINING MINIMUM WAGE ECONOMICS AND KANSAS CITY MAYOR SLY'S 'FAIR WAGE' POLITICAL GIMMICKRY!!!
This week an illegal Kansas City minimum wage ordinance was repealed and now the fight is headed to court. However, it's only fair to let local biz leaders have their say on labor costs from an alternative perspective which attempts to explain the economics underlying the debate.
Accordingly . . .
TAKE A LOOK AT THIS FACT CHECK OF MAYOR SLY'S ANTICS DURING THE KANSAS CITY FAIR WAGE FIGHT!!!
Here's the word that's one of the smartest things posted on this blog today:
Fools and their minimum wage
If you cut the price of Mercedes Benz automobiles 50%, more people will buy them. Raise the taxes on cigarettes and fewer people will buy them and smoke. Cut prices on anything and you naturally get more sales, raise prices and you get less. You may choose anything that is desired, and this simple hard-fact of basic economics holds true.
So why is it that anytime some politician discusses raising the minimum age, the forced minimum price of labor, they believe they can suspend this irrefutable law of economics, and no jobs will be lost? Remember, raise price (of labor) and less goods (labor / laborer) will be sold.
We now see our Mayor, grandstanding, with his recent feigned sincerity about how he really wishes he could raise minimum wages, but the Missouri State Law will not allow it.
Are there fools out there that actually believe this gimmickry?
The Mayor was told long before he decided to play this popular wage-card that Missouri laws would not allow the city to increase the minimum wage. You can be confident our attorney mayor, and his taxpayer supported legal staff, knew this could never fly.
The mayor’s not a simpleton. The single, logical reason Mayor Sly employed this strategy was for pure political gain.
And it worked. The foolish protesters left him alone, as he appeared to work to increase their wages. And Sly took ZERO political risk in supporting an increase to the minimum wage that would never happen.
If the mayor really wanted to effect change, he could, without violating the State’s constitution, ask department heads to review all employees and, IF DESERVING, raise their wages. It is entirely within Sly’s authority to push wages higher ANYTIME.
He chose not to do so.
And so it’s painfully clear, our sly Mayor Sly can fool some of the people some of the time, and pretend to try to increase the minimum wage.
But answer me this, who’s more foolish? The economically illiterate populace that believes you can suspend economic laws and not increase unemployment when prices of that good (labor) increase… or the minimum wage employee, along with their hired protesters, who believed the mayor was actually trying to increase their wages when, in reality, he can at anytime increase the wages of any deserving city employee?
…or perhaps our mayor is the biggest fool of all for thinking Tony’s KC would not catch him on his political slight of hand?
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Good to balance things out.
ReplyDeleteThe local media is far too quick to accept and repeat the rhetoric from mayor James. This post shows how he's not helping his constituents or the workers at city hall.
Don't forget to mention that longstanding pay freeze!
And you people of Kansas City Mo voted this clown back into office. Shame on you for doing so.
ReplyDeleteThe Mayor is not a simpleton? I laugh jn your general direction. If not a simpleton, then what?
ReplyDeleteI'm surprised it took this long for you to note. It was pandering politics from day one. Did anyone think that Sly and Burke would pay the maids and staff in their new Hyatt $13.00 an hour?
ReplyDeleteNo I'm pretty sure the hotel would pay their wages not the mayor. What kind of an idiotic thing is that to say?
ReplyDeleteThis entire push from the libtard left to increase the minimum wage is destructive.
Why is it so that niggers, if they do not like their jobs, or the associated compensation package cannot simply look for alternate employment with compensation more to their liking?
In short, if you don't like what you are paid, increase your skill set, become more valuable to employers.
Niggers want employers to be forced to pay them much more than they are worth, and care nothing for any consequences to the business or the nation as a whole.
Niggers should never be hired for anything other than menial, unskilled labor under heavy supervision. The minimum wage law should not apply to niggers, and they should be paid, or not, at the discretion of their overseer/supervisor.
This entire experiment of treating niggers as people has failed miserably; it is long past time to end it.
Not so much a simpleton as a politician is our friend, the fat bow tie. He's doing what politicians do. There should be a LinkedIn endorsement for pandering.
ReplyDeleteMost niggers are worried about their minimum cage - how long de gonna be inna jail - than minimum wage!! lol since most don't work anyway and are lazy stupid and smelly and think their superior to whites while the opposite is true.
ReplyDeleteCut government funded entitlements and taxes and hard working American will have more income to spend so the city wont have to grant them the right to live in dignity with handouts
ReplyDeleteAll you have to do is follow Walmart.
ReplyDeleteYep they raised the wage and laid off thousands in Bentonville and now have lowered expectations until 2017 due to wage increase pressure and Amazon.
I bet the thousands of laid off white collar workers wish they would have not raised the store employee's wages.....
Raising wages causes more un-employment. Just ask these guys..
LMAO
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ReplyDeleteWho's this. The moron who wrote this unintelligible mush?
Some buffoon obviously
ReplyDeleteThere continues to be a great deal of debate over the economic impact of the federal minimum wage. Does it serve as a drag because it raises firms’ costs or do businesses experience higher sales as a result of the rise in their customers’ income? Obviously, if you consider only one side of that equation or the other–as most amateur analysts do–you reach a biased conclusion. The real question is, what is the net impact after all the relevant relationships are considered?
ReplyDeleteFortunately, this has already been addressed in myriad professional, peer-reviewed studies using both mathematical modeling and statistical evidence. And there appears to be something of a consensus: changes in the minimum wage have little to no impact on employment (see for example: Why Does the Minimum Wage Have No Discernible Effect on Employment?). Apparently, the change in cost is largely offset by the change in demand and other factors.
probably the most important channel of adjustment is through reductions in labor turnover, which yield significant cost savings to employers.
ReplyDeleteDo the TKC Bitches, even for a moment, question why KC (and the world for that matter), are not smart enough to reflect their point of view?
ReplyDeleteJust for a second?
I mean, the voters the stupid.
Anyone that does not support Trump is stupid.
People that don't post anonymous hate are not with it.
And, if you don't have a misogynist perspective, you must be a Libtard.
For the loving fuck, do you "Denizens" really believe that the world would be a better place if your vision prevailed?
And, if the answer is "yes", do you think for a fucking second you could could man up, run for office and make a difference?
I am guessing not. Easier to sit your asses behind an anonymous avatar and revere the cum guy, and bitch about how immigrants starting work at 5AM are ruing this Country.
Shame that Darwinism no longer applies to internet trolls.
when all this stupidity started Tony, you were right there with Cleaver screaming for raising minimum wage, sort of like when you stated you were part of the "indigenous"population as a mexican, did the wind shift?
ReplyDeleteyour a fake and a racist, your mother should be investigating you
Actually 12:58, most studies that focus on empirical data and not economist speculation determine that there is a relatively small long term effect on stable employment but a SIGNIFICANT effect in the short term. Business bears the brunt of increased labor cost well before the effect of increased wages stimulates sales, and as such, typically right-sizes labor cost rather quickly and slowly re-adds labor as sales show consistant growth. Yes, the long term effect is small, but that's of little comfort to those on the lowest rungs of the employment ladder who must survive the short term effects.
ReplyDelete312 can you please cite one such study? Every study I am reading shows that the reduced training costs associated with lower turnover are realized in the short term.
DeleteTonys Regurgitated Reaganomics, a blog for people stuck in the 80s.
ReplyDeleteMore posts like this TKC. Let's help people stand up to to these hired protests and fake calls for social change with some simple facts which show that their plan will not work and will in fact hurt the people they intend to help.
ReplyDeleteI don't know where you poor fools get the idea that when the minimum wage is raised, minimum wage jobs disappear.
ReplyDeleteThe evidence is exactly the opposite. Not that you would allow the truth to get in your way.
Cut all farm subsidise and limit imports to 6 percent and the economy will correct itself. Big banks will fail, big ag companies will fail and the milutary will be put in mothballs.
ReplyDeleteSylvester James is not a stupid man....though he may appear that way oftentimes to the casual observer.
ReplyDeleteAfter having a successful career extorting insurance companies as a personal injury attorney, Mr. James settled upon politics as his next career path. And it suits his personality, though that is not a compliment to his personal character.
Mr. James, at his core, is a flawed individual, as are many people. Part heredity and part environment, Sylvester James' core character traits are the product of opposing forces. Perhaps the primary driver throughout his life has been the struggle to prove his competency and equal among peers. And this gets us to the nexus of his success, but also the bane of his psyche.
From early childhood, young Sylvester absorbed messages (both overt and disguised) that he was different from the other children and would not rise to their level. For a young person, this social framework usually results in either a meeting of expectations, or initiates an intense effort to prove one's capability. In the latter case, it can be as if an inner voice is constantly reminding the subject..."they don't think you're good enough."
One need only to review Mr. James' public history to see this dynamic at work:
*parochial school education in which he was a racial minority, *struggle to fit in and prove himself among his peers. This is when he developed his extrovert style of sociability.
*in his teen years, struggle to prove to white girls and their families that he was a worthy companion (please note that Mr. James has been twice married, both to white women),
*military service as a pathway to education and professional career (please note that James was a military police officer),
*struggle to prove that he was a competent law student
*in joining a large law firm, prove his worthiness as a partner,
*in leaving to start his own partnership, prove his capability,
*in choosing where to live, fulfill a boyhood dream,
*and in the most auspicious act, to reach for the unspoken ambitions of a man at war with his inner psyche...announce he's running for Mayor, though he's never held elected office before.
Wonder why Mayor James has a combative style, and a quick temper when not easily getting his way? It's because he's been at war with himself all his life. Especially common among those society incorrectly labels as "overachievers", many of these individuals will sacrifice family ties, personal health, and cherished relationships for their insatiable quest for proof of self-worth.
Liked this post, some of these commenters are idiots.
ReplyDelete^^^^^^^^ obviously poor.
ReplyDeleteBottom line is this: Some of you are destined to be "poor". Embrace you're "poorness". Tony has and he is a migrant.