IN SOME PLACES IN THE STATE OF NORTH DAKOTA BUSINESSES LIKE McDONALD'S ARE PAYING UP TO $15 MINIMUM WAGE. I SHOULD ADD NO THANKS TO OBAMA, BUT RATHER IN SPITE OF HIM. BECAUSE OIL AND GAS EXPLORATION IS ON PRIVATE LANDS, LANDS WHERE THE FEDERAL GOVERNMENT HAS NO CONTROL. THE PRESIDENT IS CONSTANTLY HARPING ON THE NEED TO RAISE THE MINIMUM WAGE, WHILE AT THE SAME TIME PUSHING GOVERNMENT REGULATIONS THAT STIFLE JOB GROWTH AND KEEP WAGES DOWN. HE ANSWER TO THESE LOW WAGES IS SIMPLY TO MANDATE AN INCREASE, A MANDATE THAT WOULD CREATE EVEN FEWER JOBS IN THE LONG RUN. A MANDATE THAT WOULD HELP A FEW, WHILE HURTING MANY MORE. OH WELL, WHAT ELSE SHOULD ONE EXPECT FROM A COMMUNITY ORGANIZER WHO HAS NEVER RUN A BUSINESS AND SURROUNDS HIMSELF WITH LIKE MINDED ADVISERS.
CARTOON BY CHIP BOK'S BOKBLUSTER
Thursday, February 27, 2014
The Minimum Wages soars to $15 in North Dakota
IN SOME PLACES IN THE STATE OF NORTH DAKOTA BUSINESSES LIKE McDONALD'S ARE PAYING UP TO $15 MINIMUM WAGE. I SHOULD ADD NO THANKS TO OBAMA, BUT RATHER IN SPITE OF HIM. BECAUSE OIL AND GAS EXPLORATION IS ON PRIVATE LANDS, LANDS WHERE THE FEDERAL GOVERNMENT HAS NO CONTROL. THE PRESIDENT IS CONSTANTLY HARPING ON THE NEED TO RAISE THE MINIMUM WAGE, WHILE AT THE SAME TIME PUSHING GOVERNMENT REGULATIONS THAT STIFLE JOB GROWTH AND KEEP WAGES DOWN. HE ANSWER TO THESE LOW WAGES IS SIMPLY TO MANDATE AN INCREASE, A MANDATE THAT WOULD CREATE EVEN FEWER JOBS IN THE LONG RUN. A MANDATE THAT WOULD HELP A FEW, WHILE HURTING MANY MORE. OH WELL, WHAT ELSE SHOULD ONE EXPECT FROM A COMMUNITY ORGANIZER WHO HAS NEVER RUN A BUSINESS AND SURROUNDS HIMSELF WITH LIKE MINDED ADVISERS.
CARTOON BY CHIP BOK'S BOKBLUSTER
Simple supply and demand (still to complex for the Obama administration!).
ReplyDeleteWhere ever there is competition for labor, higher paying jobs competing for a limited amount of labor, the price of that labor goes up, exactly as we see it happening in North Dakota.
The cure for a low minimum wage is job creation, not trying to artificially inflate wages to create the illusion of progress.
Obama doesn't have a clue. About much of anything. Worst administration ever.
ReplyDeleteHave a fabulous day. ☺
Communism fails everywhere it's tried. The sheeple will learn the hard way I'm afraid.
ReplyDelete