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Guaranteed Minimum Wage Ensures Fewer Jobs

Guaranteed Minimum Wage Ensures Fewer Jobs
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By with Michael R. Shannon
Wednesday, 03 January 2018 10:35 AM Current | Bio | Archive

You can file this under "Local Boy Makes Good." Brendan Pringle, a former development officer for Young America's Foundation (YAF) at the Reagan Ranch — an institution close to my heart, has a very informative piece in The Washington Examiner that I can pretty much guarantee will be ignored by leftist policy-makers in California.

In California leftists signal their concern for the "downtrodden" not by reaching into their pocketbook and giving money, but instead by reaching into the pocketbook of others to force them to contribute on the leftists' behalf. This explains the success of "Fight for $15."

Politicians who have never held a real job, or created a job in the private sector, are now forcing businesses to pay $15 an hour to their most inexperienced workers and the same amount to more experienced workers whose output doesn’t justify $15 per hour.

The union-backed campaign has the most impact on employers in the "food, service and retail" sectors where entry level workers are most concentrated. Pringle quotes Michael Saltsman of the Employment Policies Institute, "Studies consistently show that raising the minimum wage leads to job losses for less-skilled individuals."

Reality hasn’t impeded the march of moral posturing though. Pringle observes, "California boasts the greatest number of localities raising their minimum wages in the new year, and the localities with the largest percentage increases — Santa Clara (17.12 percent), Sunnyvale (15.38 percent) and Mountain View (15.38 percent). Both Mountain View and Sunnyvale will officially hit the $15 mark in 2018, and by 2022, all of California will have a $15 minimum wage floor."

This means entry-level workers will be hit with a double whammy. First the jobs will dry up. Then as the cost for analog workers continues to rise, the capital investment for mechanical workers starts to be more attractive.

University of Chicago Business professor Steve Kaplan told ABC News $15 per hour is a "terrible idea." In no time at all it gives mechanization an advantage over human employees. "Technology is already taking jobs," Kaplan said. "What you ought to do is make it easier to hire people."

Somehow I’m beginning to think for leftist politicians that’s not a bug, it’s a feature!

The initial $15 per hour wage imposed on business, regardless of economic viability, gets the worker’s vote and the union’s campaign contribution. Then after the worker is phased out by a burger-flipping robot, the unemployed become dependent on government for support, which seals their vote in amber.

The fact that the real cost of $15 per hour is the lost opportunity to learn about the world of work and a narrowing of the horizons for today’s youth is a small price for someone else to pay to keep posturing politicians in office.

Michael Reagan, the eldest son of President Reagan, is a Newsmax TV analyst. A syndicated columnist and author, he chairs The Reagan Legacy Foundation. Michael is an in-demand speaker with Premiere speaker’s bureau. Read more reports from Michael Reagan — Go Here Now.

Michael R. Shannon is a commentator, researcher for the League of American Voters, and an award-winning political and advertising consultant with nationwide and international experience. He is author of "Conservative Christian’s Guidebook for Living in Secular Times (Now with added humor!)." Read more of Michael Shannon's reports — Go Here Now.

© Mike Reagan

   
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The initial $15 per hour wage imposed on business, regardless of economic viability, gets the worker’s vote and the union’s campaign contribution. Then after the worker is phased out by a burger-flipping robot, the unemployed become dependent on government for support.
abc news, kaplan, santa clara, washington examiner
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Wednesday, 03 January 2018 10:35 AM
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