Raising Minimum Wage Is Just Promoting Automation

If raising minimum wage really worked, then why not raise it to a hundred dollars an hour? Happy Day, Hal. You’re hired! Touch-screen Number Five… you’re alive! Via the Daily Signal: The president only has to look at McDonald’s restaurants in France to see the impact a higher minimum wage would have. France’s minimum wage is $10.60 an hour. Not surprisingly, every McDonald’s has resorted to using touch screen ordering rather than workers. It simply doesn’t make sense, when minimum Read more […]

Wage Protesters Blocked Traffic to Get Fast Food Industry to Hire Robots

Here’s how the New York Times begins its story about wage protesters: Hundreds of fast-food workers and labor allies demanding a $15-an-hour wage were arrested in sit-ins around the country on Thursday, as the protesters used civil disobedience to call attention to their cause. Organizers said nearly 500 protesters were arrested in three dozen cities — including Chicago, Detroit, Las Vegas, New York and Little Rock, Ark. All told, the sit-ins took place in about 150 cities nationwide, the organizers Read more […]

McDonald’s Sales in Decline So Let’s Raise Minimum Wage!

As you may know, unions are scheming for ways to force fast food franchises to raise their minimum wage. Usually, McDonald’s is treated as the wealthiest of these franchises. Everyone seems to assume they have plenty of money and are only refusing to pay employees more out of spite. I’ve mentioned before that McDonald’s is not that well off. And the bad news keeps coming. According to CNN: “McDonald’s July sales fell more than expected.” McDonald’s on Friday reported July sales results Read more […]

University President Gives $90k of Salary for Raise for Lowest-Paid Employees

When Raymond Burse became interim University President of Kentucky State, he inquired about how many employees were making minimum wage. Then he did some math and figured they could be paid $10.25 an hour if his own annual compensation was reduced from $349,869 to $259,745. On the face of it, this is a great act of charity. But it is also a teachable moment. There are a few complications in this story that it would be profitable (no pun intended) to contemplate. Production v. Consumption First, Read more […]

Even If Minimum Wage Worked You Would Be Stupid to Strike For It

Let’s pretend that minimum wage did not cause unemployment or price inflation (so that, you get paid more money that no longer can buy as much as it used to). Does that mean that, if you are a minimum wage worker, it makes rational sense to strike for it? Should you spend time as an activist? I highly doubt it. We can expand the question to think of all sorts of types of social justice. We can include issues like police brutality that are quite real. Think of all the unfair things that make Read more […]

A Living Wage? Your Bad Life is Not Your Employer’s Fault (but It Might Be Yours)

Gee, I think I should make $100 an hour… just because I think I should. Does it matter whether my work produces that kind of economic value? Heck, of course not! Just like it doesn’t for these whiners. From Associated Press: “Fast food workers prepare to escalate wage demands.” About 1,300 workers are scheduled to attend sessions Friday and Saturday at an expo center in Villa Park, Illinois, where they’ll be asked to do “whatever it takes” to win $15-an-hour wages and a union, said Kendall Read more […]

The Youth Unemployment Crisis

Back in February I asked, “Do you seriously want to raise the minimum wage with this teen unemployment rate?” Reading this article reminded me of that question: “Why Are So Many Young Adults Not Looking for Jobs?” Economists are scratching their heads trying to figure out a puzzle in this recovery: Why are young people not working? People retiring at age 60 or even 55 in a weak economy is easy to understand. But at 25? The percentage of adult Americans who are working or looking for Read more […]

More Healthy Adult Males Not Working Than Ever Before In Recorded American History

Many of you reading this blog have jobs. Probably many of you work for companies that have many employees. For those of you who fit this description, imagine four of your co-workers. Now, for you and those four coworkers, imagine one jobless man ranging anywhere in age from 25 to 54. Now for every other group of five workers in your workplace imagine another jobless man in the prime of his life. That’s current American reality. According to the Weekly Standard Republicans on the Senate Budget Read more […]

Those Uneducated McDonald Workers Were Striking to Give Their Jobs To College Graduates

Is the staff at McDonald’s and Burger King about to get an upgrade? As my friend, Jeremy, points out, this may very well be the case. If the Labor Unions and their fast-food working pawns get their wish—and the minimum-wage goes to $15—most of the current workers at those places will be fired, and higher-quality workers will be manning the lines. If the labor organizers get their way, and I believe they eventually will, McDonalds is going to be landing college grads for the front counter. Read more […]

When Ungrateful, Economic Illiterates Go On Strike, Thank Them for Identifying Themselves

From USA Today: “Fast food workers strike for higher wages.” Hundreds of fast food workers walked off their jobs in dozens of U.S. cities on Thursday — reportedly forcing at least a few locations to temporarily close or re-staff while mostly managers filled-in — as sympathetic protesters in several dozen countries joined in a united call for wages of $15 an hour and the right to form a union. No violence was reported early Thursday. Restaurants such as McDonald’s, Burger King, Wendy’s and Read more […]

Woman Blames Walmart for Her Poverty; Why Walmart?

If this woman who wrote for Slate is being truthful, then she is in a very bad situation. She can’t afford her own place and has to sleep on the floor at her son’s house. She also may have colon cancer but can’t afford to go to the doctor. These are really bad things but why should her employer be singled out as the responsible party? When I woke up to see the news, I could hardly believe it: President Obama is planning a visit to the Mountain View Wal-Mart where I work. But the excitement Read more […]

Fast Food Workers Face Unemployment Because Barack Obama Raised Their Wages

Fast food workers need a raise, we are told. They need a living wage, we are told. Calling the minimum wage a “job killer” is simplistic, we are assured. McDonald’s is mistreating workers by not paying them more. So now Barack Obama has produced new evidence. He raised the wages of fast-food workers. You probably didn’t know he could do such a thing. But it turns out that some government contractors are fast food workers. From CNBC: “Wage hike might mean fewer fast food joints on Read more […]