me

Do you want to know more about the guy who's on the other side of your screen, saying all this stuff?

Then come right in...

ribbons

These are my Mission Statements.

rant

These are my longer "deep-dive" articles on specific subjects so they don't get lost.

partyfavor

The fun stuff that doesn't fit elsewhere.

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

There has long been a debate over certain fields of study are an "art" or "science." Let me make this perfectly clear: If you can measure it, quantify it, reduce it to numbers and have a fairly predictable cause and effect, it's science. If you cannot do the aforementioned things, it's an art.

Liberals, when they trust and believe their feelings over quantified numbers, have to resort to this:

Miracle

This is what has happened in the "Fight for $15" in Seattle. This open letter was written in January 2014 to the President and Congress in support of a $10.10 minimum wage, signed by over 600 Economists. The last paragraph reads:

In recent years there have been important developments in the academic literature on the effect of increases in the minimum wage on employment, with the weight of evidence now showing that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market. Research suggests that a minimum-wage increase could have a small stimulative effect on the economy as low-wage workers spend their additional earnings, raising demand and job growth, and providing some help on the jobs front.

However, when we see this enacted in real life, outside of the ivory towers of academia, we can clearly see the true cause-and-effect of such policies and laws.

In February 2016, Mark J. Perry wrote for the American Enterprise Institute an article titled, "New evidence suggests that Seattle’s ‘radical experiment’ might be a model for the rest of the nation not to follow."

Using the Bureau of Labor Statistics (BLS) own data, you can see that jobs started tanking the moment Seattle's minimum wage law went into effect in April 2015 through December 2015. No matter if you look at the raw numbers, or the "seasonally adjusted" numbers, it's dropping hard after five years of steady growth. That's just Seattle. When you page down to near the bottom of the article, you see another chart that shows both the employment numbers of Seattle only, versus just the metropolitan area surrounding Seattle. Seattle went down 11,000 jobs, while in the same period the metro area outside of Seattle increased by 57,000 jobs. This shows that there is still job growth in the area and many workers who lost jobs inside Seattle probably became employed in the suburbs.

Even the New York Post admits this might be a bad idea, How the $15 wage is already killing Seattle jobs. The money quote:

Bottom line: A $15 law in New York is guaranteed to destroy jobs here — and boost employment in New Jersey, Connecticut, Pennsylvania and even Vermont.

Seattle is learning that it can’t unilaterally ignore basic economics. Businesses adapt to government dictates. To survive mandated pay hikes, they lay off employees, or avoid new new hires to control costs.

Now, I can tell you where people are getting paid $15 an hour to work fast food. Where you ask? In the oil boom area up in North and South Dakota. The oil boom is drawing workers of all trades and in order to support them, there have to be lots of jobs like fast food workers. In order to attract workers to menial jobs into an area where the snow can cover telephone poles, you have to pay them more to make it worth their while to move long distances to live and and work in a harsh environment.

Seattle and the Dakotas are two examples of how market forces work.

If you want to earn more money, upgrade your skills so you are worth more. Knowledge + hustle + a positive work ethic = more pay. If I was hiring someone, I would be much more inclined to hire someone who may not have the skillset needed but is willing to learn and work hard than someone who meets the skillsets but puts forth minimum work.